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

To: Monty C who wrote (751)	4/6/1998 11:37:00 AM
From: SecularBull	Respond to of 3873

I don't know what to say. Depends on your horizon. I intend on staying for the long term. Ouch!

To: Monty C who wrote (751)	4/6/1998 11:46:00 AM
From: Larry S.	Read Replies (1) \| Respond to of 3873

i jumped in at 81, figured this was going to be a great stock. didn't know about the bulletin board stuff. i am holding, i think the fundamentals on the stock are good. the merger today is part of a BIG game plan. scary, hell yes. larrry

To: Monty C who wrote (751)	4/6/1998 11:32:00 PM
From: JRobinson	Respond to of 3873

>>I'm losing my shirt......... Hang or get out?<< This is my opinion only, but..... what is the difference between a company like LVLT coming public as they did or an IPO? In an IPO, institutions get in cheap and profit nicely in the next few days/weeks/whatever. How much do you think money managers paid for ,say, Double Click etc? Well that didn't happen here and they are not going to pay $80 either. That leaves one solution : scare em out and wear em out. I think $55 is a bit more palatable. If we could see the time and sales list around that price, any block trading could give an indication of institutions stepping in here. I think it is very interesting that LVLT stopped on a dime at the close at it's 50 day moving average. That often is the setup for a bounce. FWIW, a friend told me this is how MFS traded also, early on (volatile). As to the comments of LVLT being overvalued...what isn't besides drillers and chip equipment makers (and gold and copper and.....)Most Blue Chips are hopelessly overvalued. KO is expected to grow at 2% this year and 12% next year ...yet it is trading at a PE of 49? Now, I'm not making a comparison between proven profit machines like Gillette, Merck etc. and LVLT. Just that nearly everything is extended by traditional valuation methods. And this market is showing no signs of distribution yet.