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

To: t36 who wrote (738)	4/5/1998 11:27:00 PM
From: Caxton Rhodes	Read Replies (1) \| Respond to of 3873

Sue, It's overpriced, period. Might as well ask why the the run up from 20 to 70. Look for further drops. Caxton

To: t36 who wrote (738)	4/6/1998 12:03:00 AM
From: Francis Gaskins	Read Replies (1) \| Respond to of 3873

Dear Sue -- The stock was $20 around Thanksgiving and reached $83 the day it listed (last Wednesday). The recent 2 day price decline could be volatility based on the price surge -- many people sell on "good" news -- with perhaps the market also adjusting to the FCC uncertainty. There's a high likelihood that a lot of the buyers on Wednesday (and the days leading up to the NASDAQ listing) were not aware of the FCC/Baby Bell activity. Best, Francis P.S. At $75 it was selling for 1/3 of Sprint's valuation and 1/10 of AT&T's, both of which could implement the same business plan that Level 3 has.