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

To: Kevin G. O'Neill who wrote (1854)4/14/1999 4:58:00 PM
From: TigerPaw  Read Replies (2) | Respond to of 3873
 
Psychology. There are a lot of shares that traded yesterday at prices up to $99. These are likely individuals not institutions. They probably jumped in because the sector was hot and don't really know much about the company. They are mad, and saying to themselves if this stock ever gets back to $99 I'm going to dump it! Unless volume goes way up again it will take time for those shares to get sold.
TP


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