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

To: TigerPaw who wrote (3340)	9/30/2002 2:20:07 PM
From: Jesica Dawnet	Respond to of 3873

Well, if you sell, it would only cost you from $5 to $30, and you get to keep $360 or more. At the same time, the worst case is that you would only lose $389, which is not a lot of risk if you think the stock can survive. If you are lucky, there will be more law suites that will cover the period you purchased your stock, but even then the attorneys get most of the winnings. The thing I don't understand is why people don't sell a stock, when they can buy it lower; since the transaction fees are so low these days. In other words, if a person feels really confident about a stock long term, but it is obvious the stock is going to go lower short term, then why not sell before it goes any lower, and buy much lower. Consider that LVLT could go to $1, and if it goes below $1, then it gets removed from the exchange. That would be unlikely, because they would do a reverse split first. I doubt they will survive long enough for those things to happen, considering all the problems they have and the decreasing revenue they have.