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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: GeorgiaGN who wrote (530)3/25/1998 11:25:00 PM
From: C W. Smith  Read Replies (2) of 3873
 
Dear G Garrett
Living in Omaha across the street from Ameritrade. My best friends
brother-in-law works for PKS. As I was sitting in Ameritrade's lobby,
buying KIWT last month, someone commented on the steady stream of
people walking in off of the street to buy this stock. Everyone in the
office owns some. Having friends like Warren Buffet and Walter Scott
doesn't hurt, but I think people are buying this stock based on Crowe.
A wealthy customer of mine is touting the notion that everyone should
wait till this stock drops back to 40, and then buy. That's fine, but
with 90% of the shares held by employees you had better hope someone
wants to sell! He may be right,but we play long term with cash. This
may be legalized gambling, but I would rather play a slot machine that
has payed me than one that has never payed off. Waiting for April Fool
's day to see who was fooled!
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