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

To: Greg Jung who wrote (220)	10/6/1998 11:31:00 AM
From: Beltropolis Boy	Read Replies (1) \| Respond to of 1138

Yesterday's Seinfeld Re-run had George doing the OPPOSITE of his instinct, and being richly rewarded (job in the Yankee front office). You should combine your CANSLIM method and this technique and trade the OPPOSITE way that the get-rich tapes tell you to. ouch! kickin' a brutha when he's down. not cool! just when i thought SI subscribers couldn't become any more shallow, you go ahead and drain a little more water out of the pool, pal. sm:)e greg, that's a seinfeld line too. elaine to jerry in the teri hatcher silicone valley espisode. while i appreciate levity like the next guy, for the record, i've yet to cough up any of my hard-earned booty for any mail-order "get rich" schemes much less william o'neil's or wade cook's. i will admit to employing the former's screening technique (freely available), but as i indicated in my post to ron, i definitely don't subscribe to his churning criteria. nor his charts. looks like LGTO bounced off $30-3/4. -chris.

To: Greg Jung who wrote (220)	10/15/1998 8:22:00 PM
From: Ron Kline	Read Replies (1) \| Respond to of 1138

Greg, Thanks for you insight on trading opposite of instinct. I agree that at times I agree with you. The big problem with CANSLIM is that it only really works in markets that are going up. If you guess wrong on the direction of the market you will eat it no mater how many letters in the equation spell buy. There is no perfect system to pick stocks and time the market but CANSLIM does have some good points to it. I have done well with the system. As far as LGTO I was out of the stock 2 weeks ago when it fell below it's breakout. I believe we have had a reversal in the market since the last selloff and have been buying quality issues. I am still not back in LGTO but will watch how it acts in the next days. Ron