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


To: Kevin G. O'Neill who wrote (1090)6/30/1998 5:02:00 PM
From: TXSB  Read Replies (1) | Respond to of 3873
 
My guess on the move is fund managers picking up the stock to do some window dressing at the end of the quarter. They want to show their clients they're invested in this hot new telecom company.

Any other guesses?



To: Kevin G. O'Neill who wrote (1090)6/30/1998 7:23:00 PM
From: Joe Williamson  Read Replies (1) | Respond to of 3873
 
My guess is short covering at 70; when it moved above 70 about 3:30 NY time the price and volume took off sharply.