SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : LEGATO SYSTEMS LGTO -- Ignore unavailable to you. Want to Upgrade?

To: Chuzzlewit who wrote (770)2/1/2000 12:56:00 PM
From: A. Wayne  Respond to of 1138
 
Chuz, Technical analysis would indicate LGTO needs to go above its 200 day moving average to give a buy signal. It appears from Philip's chart that the buy signal would be around $47. The problem I have with that is a good chunk of the move has already taken place be then. At $47 is when the analysts all jump on and upgrade the stock to a strong buy. I agree with your analysis and believe the market has over-punished the stock price because of the accounting change.

Thanks for the explanation of your option position. You may not get LGTO at 24, but your puts look very attractive. Good luck on them.

Wayne



To: Chuzzlewit who wrote (770)2/1/2000 5:23:00 PM
From: gmccon  Read Replies (2) | Respond to of 1138
 
Chuzz,

To make 20% on your money in a day (24 to 29), on a company that 10 or 15 lawyers are suing for a felony act of stupidity, is truly magnificent. Sincerely.

Congratulations,

Greg


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News