SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : (LVLT) - Level 3 Communications -- Ignore unavailable to you. Want to Upgrade?


To: DavidG who wrote (321)3/12/1998 5:13:00 PM
From: David R. Doerr  Read Replies (1) | Respond to of 3873
 
My sentiments, I don't think a bank (US Bank) would invest in any company without doing their due diligence. Warren? Anybody?

All kidding aside, gravity checks like the past 2 days will shake the weak out.



To: DavidG who wrote (321)3/12/1998 6:51:00 PM
From: Larry Fowler  Read Replies (1) | Respond to of 3873
 
As for US Bank.. they may be acting as custodian for existing shareholders.. meaning that not all of the 15MM share have to be accounted for as purchases. Some simply be transfers into trusts, etc. that are held in the bank's name..

As to who is selling.. I talked to the buyer from the first pink sheet transaction last October.. it was a mutual fund family.. they have reached their price target and are paring their position back to a percent of the portfolio that meets their policy for a long term hold..
but they don't account for more than about 250K shares.

Also we must remember that there are a lot of people who have become very wealthy, very quickly.. when you own several hundred thousand shares of a stock that has gone from $10 in Jan 97 to $60 in Mar 98, you don't sweat $5 or $10 per share, if you think it is best to diversify from a one stock portfolio.

Larry Fowler



To: DavidG who wrote (321)3/12/1998 7:47:00 PM
From: Don S.Boller  Read Replies (1) | Respond to of 3873
 
David G.: Sorry I'm late responding.........................
Yes, Mark and I noticed gaps back in Feb., when a chart
first became available. His post # 36 (2/1) noted a gap at
36.00...my post # 37 (same date) noted a gap at 22.00 -
PRE Split......Now, I am not so sure how accurate that chart
may have been (this is still a BB stock with only a couple of
MM's to my knowledge). Anyway, I purchased at higher than
$36 myself! A gap is created when the orders on one side
of the market simply "overwhelm" the otherside. Has nothing
to do with company fundamentals - only supply & demand.
(The function of the specialist on the floor of the Big Board -
is to go in and trade the other side - to prevent gaps....when
he can't he can "shut 'er down" until
some balance is restored). O-T-C markets depend on the MM's
to do this function. Sometimes they can't/won't so there are
very wide breaks or upthrusts.
You pointed out the volume....so did my early posts on this
thread. (I invite one and all to go back and read them). The
fact that there was NO READY EXPLANATION for the volume
IS THE REASON I BOUGHT TO BEGIN WITH!!!!!
BUT wdik.
We all have different criteria for buying AND selling
Very best,
Don