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Technology Stocks : (LVLT) - Level 3 Communications -- Ignore unavailable to you. Want to Upgrade?

To: MadManMike who wrote (2154)	8/3/1999 7:47:00 PM
From: MadManMike	Read Replies (2) \| Respond to of 3873

Any guess as to where the bottom is on LVLT?

To: MadManMike who wrote (2154)	8/5/1999 10:39:00 AM
From: ----------	Read Replies (1) \| Respond to of 3873

Qwark: It's always a pleasure to meet another person with a long-term view, in what is basically a short-sighted world. <g> I've owned LVLT since before it's split last year. I bought some puts a while back, to effectively stop the reduction in my gains on the stock at $55.00. From what I could read, it was generally accepted that $60. was some crucial support number. When it broke $60, I put on the hedge. I have NO intention of getting rid of my LVLT, but as a wise man once said:"When the whole market is going down, there is no such thing as a safe stock." Again, I've read a couple places that $44-$45 is the next technical support level for the stock. IMO, and just my opinion, certainly not a prediction or recommendation!, we'll see more weakness in all stocks. Partly just the normal ebb & flow of the market, partly those people who want to go to cash because of Y2K hysteria. (Yeah, I think Y2K is a bunch of "cow feces" that is being hyped to the hilt by book peddlers & lawyers, but it only takes @5% of investors to yank money out of equities, funds & 401(k) equity investments to make a BIG dent in the market.) Anyway, I appreciate you allowing me into your boat to ride out this rough sailing. I'm sure we'll both enjoy ourselves when we get to prosperity island. <g> Best Regards, Doug