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

To: Phil Jacobson who wrote (505)	3/24/1998 3:53:00 AM
From: zebraspot	Read Replies (1) \| Respond to of 3873

>>Everyone in this thread is betting on someone's track record.<< What's a better bet? When you consider buying into any other venture, what are the three most important issues you should be concerned with? Track record, Track record, Track record --- (don't worry, a great management with a great track record will take care of other concerns such as location, location, location). Walter Scott, Jim Crowe, et al pass with flying colors, and any new company of theirs deserves to be valued in the market at a premium. If you prefer to buy no/low growth value stocks, in old industries, that sport, perhaps, undermanaged, undervalued assets, and then await some catalyst for change -- then hey, that's another strategy in the market. Is it a better one? Give me a shareholder-friendly, dynamic,experienced, stock-incentivized honest management working in the hottest emerging growth industry in the world any day. A-N-Y day. Thanks for the counterpoint, though. Alan Abelson doles out the same kind of scared bear stuff every weekend in Barron's, and has for more than a decade. Although it would have hurt you badly to have actually followed it, it never hurts to just read it.

To: Phil Jacobson who wrote (505)	3/24/1998 12:08:00 PM
From: ahhaha	Read Replies (2) \| Respond to of 3873

I can't give you any substance because there isn't any substance. There isn't any company yet, so how can there be any substance? You aren't taking into consideration that prudent speculations are reasonable during unprecedented bull markets, but what if that condition abruptly changes? We have a growing inflation problem that is being masked by the strength of the dollar. We are nearing the end of that strength. When it ends, interest rates will rise rapidly. The slightest hint of rising rates will cause the market to crash. The FED can do nothing but might even start jawboning an official acceptance of higher rates in the form of "pre-emptive strike". They would do that to intentionally get the stock market down to lessen the severity of the crash. If they don't, suddenly some day in the fall, the DOW would go down the limit intraday, and then would be closed for a week. They'd open it up down 2000 points somewhere near 5800. Even with a more gradual engineered decline, L3 would be put on hold at best. The paper you presumably hold would be worthless. I suspect you have more time. Conditions are not right for the downside yet. We need sideways action for months across the summer. Tradition is it starts down in August. International forces can change that quickly and there's no assurance about the need for a broadening top, but the expected increase in oil prices should increase the likelihood of the broadening. Oil price increases are are intrinsically deflationary and will mitigate the international propensity to inflate affording more time to the denial of reality.