LVLT - Sector: Technology---Industry: Diversified Communication Services

[J.Livermore]

Today I'm looking for some rebound candidates. LVLT had a powerful 17% rise, breaking a short term pennant and crossing on the upside its descending trend line.
I had no ambitious perspectives, but I look to the $2.50 level has a short term possible target.

[law2702]

Hi J

Today LVLT post a 1.06% drop

What do u think for the next two days movement?

Symbol Rem Last        Chg BVol (K) Buy     Sell SVol (K) Vol (K) Open   High     Low Time
LVLT    NM   1.860  -0.020  19.6  1.850  1.870  2  7161.615  1.920  1.970  1.850  25/05 

Thks

[ssubirias3]

On 5/20/05 the chairman Walter Scott completed an open market purchase of 200k shares (http://www.marketwatch.com/tools/quotes/profile.asp?sid=102815&symb=lvlt&siteid=mktw)

On 5/26/05 the stock was listed among barchart.com's volume leaders.  This pattern reminds me of FC a few weeks back when it [FC] was trading in the mid $3's only to break $7. 

Is LVLT a good stock to jump into?

[saffeysite1]

I like this pick.  It may pullback a bit from today. Volume and the Chaikin money flow is increasing.  All good signals.   

[saffeysite1]

Before you jump into this stock read this article I came across today.   LVLT is the most shorted stock on the Nasdq.

http://www.denverpost.com/business/ci_2763019

[J.Livermore]

Before you jump into this stock read this article I came across today.   LVLT is the most shorted stock on the Nasdq.

http://www.denverpost.com/business/ci_2763019

and thats just nice

[David Randolph]

... I think this is a good buy point of LVLT.

Good luck !

[ssubirias3]

I took your advice and got in at 2.27.  LVLT closed 6/14/05 with a nice volume push in the closing minutes.  Looking at the charts, is LVLT a keeper?

[eliteG]

Hey ssubirias3,

Looked at the chart and it still looks ok on the short term.  I say let the market take you out on this one.  Use your stops!  I would place it following the 20ema, 9ema or low of previous day on LVLT.  LVLT is going through some resistance zones and stocks usually start consolidating to build momentum to go through.  It will need a lot of volume to get through.  Yesterdays candle was very bullish, just wish it had more volume.

Hope that helps.

[setravis]

updated chart picture

[Terliso]

LVLT looks like heading north and close that little gap there...

[saffeysite1]

I am with you on that.  Nice chart work.  Applause.

[Terliso]

Just dropping the chart.. happy trading

[Terliso]

 

[Terliso]

Now it is really flying...

Level 3 to Acquire WilTel in $680M Deal
Monday October 31, 5:15 pm ET 
Level 3 to Buy WilTel From Leucadia National for About $680 Million in Cash and Stock


BROOMFIELD, Colo. (AP) -- Level 3 Communications Inc. said Monday it agreed to acquire Internet access and services company WilTel Communications Group LLC from Leucadia National Corp. for about $680 million.
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Level 3, which operates IP-based fiber-optic networks said it will pay $370 million in cash and issue 115 million shares in the deal. Based on Friday's closing price of $2.70 for Level 3 shares, the stock portion of the agreement is valued at $310.5 million. Level 3 has the right to substitute cash in lieu of stock.

The Tulsa, Okla.-based WilTel delivers voice, data, video and IP services over a next-generation fiber-optic network. The acquisition includes all of WilTel's communications business, including a multiyear contract with SBC Communications Inc. and WilTel's Vyvx video transmission business.

Leucadia shares rose $1.37, or 3.3 percent, to close at $42.96 Monday on the New York Stock Exchange. Level 3 shares rose 18 cents to close at $2.88 on the Nasdaq Stock Market.

SBC, WilTel's largest customer, is in the process of acquiring AT&T Corp. and plans to migrate the services provided by WilTel to the combined company.

Level 3 will not acquire certain WilTel assets and liabilities, such as WilTel's headquarters or the assumption of any of WilTel's outstanding debt or mortgage obligations, under the terms of the deal.

Integration costs have been pegged at $100 million to $150 million, with the majority of those costs incurred in fiscal 2006, assuming the deal is closed in the first-quarter.

Kevin O'Hara, Level 3's president and chief operating officer, said that the combined Level 3 and WilTel will reach 50 new markets and include 3000 new route miles compared with Level 3's pre-acquisition facilities.

Level 3 estimates WilTel will contribute $1.5 billion to $1.6 billion in revenue in 2006, including the SBC master contract, but that amount is expected to fall to $600 million in 2008 as SBC traffic merges with AT&T. WilTel is expected to contribute between $50 million to $90 million in cash flow for 2006 and about $125 million to $150 million a year thereafter.