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To: SJS who wrote (11900)2/3/2000 9:09:00 AM
From: Alski  Read Replies (1) | Respond to of 14427
 
Steve,

One way to play a big gapper like LGTO is to wait for a capitulation bottom. That would be when a lot of pre-gap shareholders give up on the quick bounce and decide to take their lumps. This is often signaled by a new low on gargantuan volume. If such an additional sell off occurs but the stock finishes off the low of the day, that would be an indication that the selling pressure has finally been relieved.

For LGTO, that isn't likely to happen for at least a week, maybe months, if at all. Of course, that's only one scenario and t'ain't nothin' says LGTO has to follow that particular path.

FWIW..Alski



To: SJS who wrote (11900)2/3/2000 10:16:00 AM
From: dan6  Read Replies (1) | Respond to of 14427
 
I got a little at 26. So far so good...



To: SJS who wrote (11900)2/6/2000 11:14:00 PM
From: Snowshoe  Read Replies (1) | Respond to of 14427
 
LGTO is another Landis pick (like GNSS) that crashed and burned, and right now there is a large flock of legal vultures circling around the carcass. I'm adding it to my watch list of crashed stocks.

By coincidence WIND is also a top Landis pick. However, I'm not implying guilt by association because I think WIND got its crash out of the way last year. I've been scanning the "Gorilla Game" and agree with others who say WIND is now in the "bowling alley" phase. I think WIND needs to demonstrate success with with TMS and the network processor to have a shot at gorilladom.