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Technology Stocks : (LVLT) - Level 3 Communications
LVLT 53.630.0%Nov 1 5:00 PM EST

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To: Kent Wilke who wrote (478)3/23/1998 1:34:00 PM
From: ahhaha  Read Replies (2) of 3873
 
You're going to lose your shirt.

9 out of 10 purchases based on hot tips fail because by the time you get the tip, it's lost its heat. Then you're the bag holder. Maybe it won't be too bad. If the stock gets whacked, you become a long term investor. You stop watching it because of frustration and go off do to something constructive with your time.

Once the paper shuffle is over and the company has to address the issues of growth and making money, your investment could develop substantially. At that time you won't believe it and you'll be tempted to sell when it finally struggles back up to your purchase price. Don't. Your best strategy is to ignore the price.

The only risk you face is the company violating security laws because this management would spend all their time trying to steer around the law's penalties and they wouldn't be able to do the work necessary to make the company go. Most who have bought stock, bought on the "track record" of management. Great expectations are easily borne by an irrationally exuberant stock market, but when reality returns, watch how fast the tipster, the insiders, the loyal employees, and 99% of the commentators on this thread, head for the exits. You trust because you don't know, they know less so they don't trust this shell game at all.
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