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Technology Stocks : LEGATO SYSTEMS LGTO -- Ignore unavailable to you. Want to Upgrade?


To: Sr K who wrote (1027)4/27/2000 4:20:00 AM
From: Y. Samuel Arai  Read Replies (1) | Respond to of 1138
 
Sr K:
Are you saying you'd short this stock at today's prices? The shorting opportunity on this stock is way past over now. Unless you know for a fact that more bad news is on the way, shorting this stock now after it has lost 80% of its value from its very recent high is... well... crazy.
No, today's "pop" doesn't yet show a definitive change in the trend. But I doubt it'll hit $8 without more bad news.
Sam