Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: robert minshew who wrote (61373)	9/15/1999 12:54:00 PM
From: lee kramer	Read Replies (1) of 120523

Robert: LVLT has experienced a 50% drop from it's high. I don't know this company, so my comments will be from a T/A view. It looks like the recent low was near 50. Often a stock will test or re-test a low after a significant decline. I'd look for an increase in volume at or near the recent lows; sometimes this suggests that tired and losing "longs" are tossing in the towel, some shorts are covering, and new buyers are entering. At the risk of it getting away from you on the upside, it might be prudent to be patient and let it come to you. As always, I would not presume to offer advice to buy or sell any stock. All I can offer is possible lines of probability. (Lee)

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