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


To: Don S.Boller who wrote (674)4/1/1998 9:20:00 PM
From: Downtown1  Read Replies (2) | Respond to of 3873
 
where'd you get 75 1/8. Everything I saw was 71 5/8. That puts it up 2+ today.

I predict tomorrow it will be up 5 or so. Any other predictions??

Today was a classic example of how this stock has been traded during a day. When we had the 4 or 5 days of mass hysteria, the stock would be up 5-7 right away - fade to 2 or 3 by lunch time and get a point back at the end of the day. It was as if everybody was putting their orders the night before and overloading the buy side first thing in the morning.

Does anybody think maybe there could have been some attempts at manipulating the stock price at the close? If I was the company and had stock options which were going to based on today's close, I'd want the price to be low so that the employees have a slightly easier time achieving. Money is a great motivator and the employees will make more because the price didn't stay at the 80+ level.