He called it a suckers play bc people in general don't know how to trade. If you buy it and sit on it hoping for it to come to papa you could lose out. If you buy it hoping the common will be saved, you stand to lose your capital. That is a concept the average person (sucker) does not understand. If you know how to trade it and sell while the getting is good, you will make nice bank. Hence the lotto play. Plenty people have already made the lotto gains here, so that play is still in full swing. Once again, FRE is much like a pink.

IMO - and maybe completely wrong - FRE does not get much talk on TV because there are restrictions on trading the stocks they talk about. Ever notice they don't talk about much until after the moves have been made... So why talk about it? Let it make a move, when they make their money an the move is about over, they'll talk about it.

Very nice - enjoy the studio time! :)

Hey Glassy - here's a question for you...

I just noticed the .02 PSAR is $2.28 for today on my alphatrade streaming chart. Was looking at the possibilities of it flipping tonight/tomorrow, but when I cross-checked with stockcharts, I get a PSAR reading of $3.37. Quite a difference when considering where it might flip.

I use Alphatrade, which has great streaming charts, and I use StockCharts, which has great libraries of charts. I get consistently different readings on the indicators between the two systems. Even when I specify identical parameters.
eg FRE today at close;
Alphatrade RSI14 = 59.979
Stockcharts RSI14 = 42.95

When indicators like the RSI2 are near their extremes I can often use the differences to my advantage, but with others it is just confusing. Any ideas?

Thanks for looking
GLTY

Nice run higher in the last 15 mins of the day. From $1.78 to 1.90. That's more than an entire days work for most stocks. And makes a pretty candle to go on the chart too!

Now printing $2.06 and I saw some $2.15 go by not long ago.

Sure glad I held on today. I was this close to selling...

Good to see you here NewMoney! FRE is up - even if it goes down today. Could use a little drop to kick start the charts this morning. Never thought I'd be making bank at such a rate off a company like FRE.

23+M volume by 9:45!

A little preplexed with the L2 here (as usual for the last couple weeks but moreso today) big bid wall at 1.86 but trades printing like mad at 1.79... it just can't keep up. Seems to have straightened itself out again by 1.89.

Over 5M traded before the bell. The last 5 minutes took it from 1.77 to 1.95.

L2 showing 1.77 x 1.78 (roughly) but all trades (very few at the moment) are going through around 1.85

From the S3...

SUMMARY OF THE UNDERLYING TRANSACTIONS

The shares to which this prospectus relates were or would be acquired in the secondary market by Merrill Lynch International, the selling stockholder described herein, as a hedge to its obligations under the bond hedge and warrant transactions contemplated by the Confirmation of OTC Convertible Note Hedge and the Confirmation of OTC Warrant, each dated December 2, 2004, which we refer to as the Bond Hedge and Warrant Transactions, that Merrill Lynch International had originally entered into with Level 3 in connection with Level 3’s issuance on November 17, 2004, of its 5.25% Convertible Senior Notes due 2011, or the 5.25% Convertible Notes. The 5.25% Convertible Notes are convertible into shares of our Common Stock at any time. The Bond Hedge and Warrant Transactions, which were designed to enable Level 3 to limit dilution from the conversion of the 5.25% Convertible Notes, are being unwound by the mutual agreement of the parties. Pursuant to that agreement, Merrill Lynch International agreed to pay to Level 3 an amount in cash generally based on the sale price of our shares on the days on which Merrill Lynch International sells the shares to unwind the Bond Hedge and Warrant Transactions.

Merrill Lynch International currently holds 23,000,000 shares of Common Stock as a hedge to the Bond Hedge and Warrant Transactions and may sell pursuant to this prospectus, some or all of these shares from time to time in connection with the unwinding of those transactions, as well as some or all of any additional shares in one or more supplements to this prospectus that Merrill Lynch International may acquire in the secondary market from time to time as a hedge to the Bond Hedge and Warrant Transactions. On September 23, 2008, Level 3 entered into a registration rights agreement with Merrill Lynch International pursuant to which Level 3 agreed to register sales of all of such shares, and this prospectus relates to such sales to facilitate the unwind of the Bond Hedge and Warrant Transactions.

Under the registration rights agreement with Merrill Lynch International, we have agreed to indemnify Merrill Lynch International and certain of its affiliates and others against certain liabilities, including liabilities under the Securities Act of 1933, or to contribute to payments such persons may be required to make in respect of those liabilities.

...

USE OF PROCEEDS

We will not receive any of the direct proceeds from the sale of the shares of Common Stock by the selling stockholder. In connection with the early unwind of the Bond Hedge and Warrant Transactions, Merrill Lynch International has agreed to pay to us an amount in cash generally based on the sale price of our shares on the days on which it sells the shares.

SELLING STOCKHOLDER

The following table lists certain information concerning the selling stockholder, including the number of shares of Common Stock beneficially owned as of the date hereof and the number of shares of Common Stock that the selling stockholder may sell under this prospectus.

Selling Stockholder

Shares
Beneficially
Owned Prior to
Offering (1)

Shares
Being
Offered(2)

Shares
Beneficially
Owned After
Offering(2)









Merrill Lynch International

30,473,964

23,000,000

7,473,964


(1) These shares may include shares owned by affiliates of Merrill Lynch International. The selling stockholder beneficially owns 1.95% of the total number of shares of our Common Stock outstanding as of September 19, 2008.

(2) Assumes that all of the initial 23,000,000 shares of Common Stock that may be offered under this prospectus are being offered and sold, and that the selling stockholder will not acquire additional shares of Common Stock as a hedge to the Bond Hedge and Warrant Transactions before the completion of this offering.

The shares to which this prospectus relates were or would be acquired by Merrill Lynch International in the secondary market as a hedge to its obligations under the Bond Hedge and Warrant Transactions. This prospectus relates to 23,000,000 shares of our Common Stock and such indeterminate number of shares, as specified in one or more supplements to this prospectus, that Merrill Lynch International may acquire in the secondary market from time to time to hedge the Bond Hedge and Warrant Transactions. In connection with the early unwind of the Bond Hedge and Warrant Transactions, Merrill Lynch International agreed to pay to Level 3 an amount in cash generally based on the sale price of our shares on the days on which Merrill Lynch International sells the shares to unwind the Bond Hedge and Warrant Transactions. On September 23, 2008, Level 3 entered into a registration rights agreement with Merrill Lynch International pursuant to which Level 3 agreed to register sales of all of such shares. This prospectus represents the satisfaction of that obligation under the registration rights agreement.

We cannot advise you as to whether the selling stockholder will in fact sell any or all of the shares of Common Stock covered by this prospectus. In addition, the selling stockholder may have sold, transferred or otherwise disposed of, or may sell, transfer or otherwise dispose of, at any time and from time to time, the shares of our Common Stock in transactions exempt from the registration requirements of the Securities Act.

We are required by the registration rights agreement to file any amendments and supplements to this prospectus and the registration statement of which this prospectus is a part as may be necessary to keep the registration statement effective for 90 calendar days, as set forth in the registration rights agreement, or until the completion of the offers and sales of the shares that are required to be registered and to comply with the relevant provisions of the Securities Act in accordance with the selling stockholder’s intended method of distribution.

The selling stockholder and/or its affiliates provide or from time to time have provided or in the future may provide certain investment banking and other services to us and/or our affiliates and subsidiaries, for which they receive or have received customary fees and commissions or for which we expect them to receive customary fees and commissions. In addition, affiliates of the selling stockholder from time to time have acted or in the future may act as agents and lenders to us and/or our affiliates and subsidiaries under our credit and other financing instruments, for which services they have received or expect to receive customary compensation.

Other than the relationships discussed above, we are not aware of any position, office, or any other material relationship of the selling stockholder named above with the registrant or any of its predecessors or affiliates within the past three years.

...

Level 3 Expands North American Global IP Footprint in Canada
Wednesday September 24, 8:00 am ET
Level 3 Launches High Capacity IP Services in Two Major Canadian Markets; Expands Transport Services into Montreal

BROOMFIELD, Colo., Sept. 24 /PRNewswire-FirstCall/ -- Level 3 Communications' Wholesale Markets Group today announced that it has launched high speed Internet Protocol (HSIP) services in the Toronto and Montreal markets and expanded transport services into Montreal. This expansion -- in response to customer demand growth in the region -- will enable Canadian-based carriers and bandwidth providers to access the Level 3 network cost- effectively.

The expansion in these Canadian markets underscores Level 3's commitment to providing feature-rich services via one of the largest IP networks in the world. Level 3 maintains operations in Montreal, Ottawa and Toronto, which includes a dedicated sales force and operational support teams to provide premium customer service to Canadian-based carriers.

"Level 3's expanded network presence in Canada provides broader access to a global, end-to-end network with great cost advantages," said Dave Ballantine, senior sales vice president, International, Wholesale and Carrier Services for MTS Allstream. "Level 3 has one of the largest and fastest growing Internet backbones in the world, and our valued relationship with Level 3 enables us to deliver high quality solutions to our customers."

"Level 3 provides us access to one of the largest and most connected Tier 1 IP backbones in North America," said Benoit Pineault, vice president of sales for MTO Telecom. "With Level 3 HSIP services, we are able to deliver premium IP-based applications reliably to our customers."

"Level 3 is committed to expanding our service portfolio into important markets worldwide, and we are pleased to expand our North American network farther into Canada," said Sureel Choksi, chief marketing officer of Level 3. "This expansion demonstrates our dedication to providing our Canadian customers with, high quality solutions, competitive pricing options and the utmost in customer experience via dedicated sales and support teams located in region."

About Level 3 Communications

Level 3 Communications, Inc. (Nasdaq: LVLT - News) is a leading international provider of fiber-based communications services. Enterprise, content, wholesale and government customers rely on Level 3 to deliver services with an industry-leading combination of scalability and value over an end-to-end fiber network. Level 3 offers a portfolio of metro and long-haul services, including transport, data, Internet, content delivery and voice. For more information, visit http://www.Level3.com.

Level 3 Communications, Level 3, the red 3D brackets and the Level 3 Communications logo are registered service marks of Level 3 Communications, LLC and/or its affiliates in the United States and/or other countries. Level 3 services are provided by wholly owned subsidiaries of Level 3 Communications, Inc. Any other service, product or company names recited herein are trademarks or service marks of their respective owners.

Forward-Looking Statement

Some of the statements made in this press release are forward looking in nature. These statements are based on management's current expectations or beliefs. These forward looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Level 3's control, which could cause actual events to differ materially from those expressed or implied by the statements. The most important factors that could prevent Level 3 from achieving its stated goals include, but are not limited to the company's ability to: successfully integrate acquisitions; increase the volume of traffic on the network; defend intellectual property and proprietary rights; develop new products and services that meet customer demands and generate acceptable margins; successfully complete commercial testing of new technology and information systems to support new products and services; attract and retain qualified management and other personnel; and meet all of the terms and conditions of debt obligations. Additional information concerning these and other important factors can be found within Level 3's filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors. Level 3 is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.


Source: Level 3 Communications, Inc.

FRE = Nice ride so far! The last few days have been like the part where the pinky goes from triple-oh-zeros to double-oh-zeros. And now FRE feels like the pinky you've found is more than your average pink, complete with an amazing story, real live books, and they just made a huge contract with a big player so pennies are coming soon.

Only since it's FRE and not some pink, and the contract is an historic "agreement" with the G, it just broke from the double zeros into the dollars.

RSI has some resistance to get through (which could create buying opps.) if it is going to get there, but I am very curious as to how it will handle $2.50. Not far from there to 3.60, and not far from there to 4.65 - 5.10 when you think about it.

RSI14 is moving towards an area that has been resistance for months.
RSI2 = 99.8725 on alphatrade and 98.7 on stockcharts. That is right between reversing hard and another day or two of fast moves up. Will it stay pinned and pull RSI14 up past resistance, or drop and add to resistance on the RSI14? Once both RSIs are above 70, look out above.

FRE, like any pink, is waiting on news; the positive result of the hearings. And like many pinks in the same position on the charts, the news may be delayed, resulting in even more trading days, and more risk, until it hits.

At the same time, once it closes above $1.00 for a few days it will come up on more radar screens and probably move even higher. The only danger is the MM short, which, if used to truly allow them to provide liquidity, shouldn't be a problem for a couple weeks.

There's one more thing going for FRE. The government of the United States of America needs Freddie to succeed for the good of the people.

Who knows really? These things have a way of carving out new areas of support and resistance, especially when there is little to no historical data. But 1.20 is strong enough here that a break could be considered significant enough to send it straight through.

I'm thinking the 15 mins chart will need to get back inside the BBs before the next step up. Lots of buying going on to be sure, but there ought to be lots of profit taking holding it back. There are many many shares out there that have doubled and quadrupled in the past few days.

...And as I say that, 1.25 is printing!

The only resistance on the chart above here was set up inside the 1st hour of trading on Monday 9/8 at about 1.20. Then at about the 1.40 and 1.90 areas in that same hour.
Also a little resistance on 9/10 at 1.17.

Bostwick Laboratories Improves Response Time for Patients and Physicians with Level 3's IP Network

Prompt Test Results Give Doctors and Patients Critical Time Needed to Treat Cancer and Other Urologic Conditions

Sep 23, 2008 8:00:00 AM

BROOMFIELD, Colo., Sept. 23 /PRNewswire-FirstCall/ -- Level 3's Business Markets Group today announced that Bostwick Laboratories has selected Level 3 to provide network connectivity between that company's data center, remote offices, laboratories, and headquarters location. Under the terms of the renewed and expanded multi-year contract, Level 3 will deliver dedicated internet access (DIA), Voice over Internet Protocol (VoIP) and enhanced network services (ENS) to connect locations in Arizona, Florida, New York, Tennessee and Virginia.

"We needed a fast, reliable and cost-efficient network to securely deliver the high-quality service our patients and physicians expect from us," said Pritpal Kochar, chief information officer of Bostwick Laboratories. "With Level 3's IP services and end-to-end solutions, we can improve turnaround on test results when time is a critical factor in the diagnosis, treatment and subsequent management of cancer and other urologic conditions."

Last year, Level 3 extended their metropolitan fiber optic network into the Bostwick headquarters in Glen Allen, VA. Recognizing the value of a direct, scalable connection to the Level 3 network as an alternative to incumbent providers, Bostwick has now expanded their relationship to build Level 3's network into Bostwick's data and call centers as well.

"As a dedicated provider to the healthcare industry, Level 3 remains committed to providing quality services to companies such as Bostwick Laboratories to improve the quality of healthcare to patients," said Raouf Abdel, president of Level 3's Business Markets Group. "Level 3's IP services provide a reliable solution for physicians to have prompt access to leading- edge medical information such as test results, diagnoses and clinical research that will help improve patient care while potentially saving time in critical situations."

About Level 3 Communications

Level 3 Communications, Inc. (Nasdaq: LVLT) is a leading international provider of fiber-based communications services. Enterprise, content, wholesale and government customers rely on Level 3 to deliver communications services with an industry-leading combination of scalability and quality, over an end-to-end fiber network. Level 3 offers a portfolio of metro and long haul services over an end-to-end fiber network, including transport, data, internet, content delivery and voice. For more information, visit http://www.Level3.com.

Level 3 Communications, Level 3, the red 3D brackets and the Level 3 Communications logo are registered service marks of Level 3 Communications, LLC and/or its affiliates in the United States and/or other countries. Level 3 services are provided by wholly owned subsidiaries of Level 3 Communications, Inc. Any other service, product or company names recited herein are trademarks or service marks of their respective owners.

Forward-Looking Statement

Some of the statements made in this press release are forward looking in nature. These statements are based on management's current expectations or beliefs. These forward looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Level 3's control, which could cause actual events to differ materially from those expressed or implied by the statements. The most important factors that could prevent Level 3 from achieving its stated goals include, but are not limited to the company's ability to: successfully integrate acquisitions; increase the volume of traffic on the network; defend intellectual property and proprietary rights; develop new products and services that meet customer demands and generate acceptable margins; successfully complete commercial testing of new technology and information systems to support new products and services; attract and retain qualified management and other personnel; and meet all of the terms and conditions of debt obligations. Additional information concerning these and other important factors can be found within Level 3's filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors. Level 3 is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.

SOURCE Level 3 Communications, Inc.


----------------------------------------------
Media
Jennifer Daumler
+1-720-888-3356
Investors
Valerie Finberg
+1-720-888-2501
Tarra Ryerson
+1-720-888-1214
or Mark Stoutenberg
+1-720-888-2518
all of Level 3 Communications
Inc.

Nice chart glassy. Multiple variable speed indicators. Much better at describing change (more like calculus vs algebra).

It's risky enough to have to watch it instead of using stops. And rewarding enough that if you set your stops too tight you might be kicking yourself real hard.

PS "Cojones" with an 'o' is the word I'm sure you mean. A helpful mnemonic for that is to picture a guy screaming "O!" when you kick him in the nuts. Cajones with an A is a drAwer in your dresser. :)

Yeah, I guess I should have said that it can only be traded from the long side, ie; buying on the premise that it can be sold higher.

Flippers and swing traders of course.
And the real longs, averaging down from much higher, who will continue to hold for dollars or longer.

It's pretty damn hot! The chart is wound tight. Been setting up for a couple days now.

And, for at least the next couple weeks, this stock can only be traded by longs.

More news about Freddie doing almost any business at all will encourage buyers that the company is actually fully functional and still doing what it needs to do. That and the myriad of government forces acting here will push FRE much higher than .65.

Is FRE really only worth less than 1% of what it was a year ago?

16:00:00 700 0.54 - PAC ct ex
16:00:00 350 0.54 - PAC ct ex
15:59:57 6150 0.60 + NASD ADF tc
15:59:57 3550 0.60 + NASD ADF tc
15:59:54 6593 0.55 - PAC bb ex
15:59:54 300 0.55 - PAC bb ex
15:59:54 1000 0.55 - PAC bb ex

.54 and .55 trades were well below inside bid, last trade before 4pm was .60

Ameriturd and Yahoo both show .55 close

those are penny tactics

Interesting how they threw that .55 nonsense in there.

.60 has been tough today. The last few minutes are a battle. .60+ would be sweet.

Anything above the midpoint of that 1st 30 minute candle today (.58) is a good foothold.

That is why all the selling over the last 45 mins. Nice bounce off .55

65 is tough resistance. looks like not much in the way until .80 after that.
.58 or better would be a good close for the chart today, but I'm not betting on it since it just broke.

Anyone who bought this week could sell now, before the weekend, with good - great gains. Yet the volume today is about the same as yesterday. Looks like people are holding for the price to go to the other side of the decimal place.

Overall I'd think the the short players would want it to go up from here so they can short it again from higher beginning 10/2. But once higher, the chance exists that it just goes higher and then forces a cover, sending it higher still. Some money will change hands there for sure. That would be the time to start a new short position or re-asses the fundamentals

15 mins chart looking toppy,
5 mins chart broke support

Not only have each of the 3 latest 15 minute periods closed above the EMA8 and the middle Bollie, they all closed above the Upper Bollie!

The 1st 30 min candle today closed above the upper BB and we'll know soon enough where the 2nd closes. Anything above .35 beats the upper BB.

The 60 mins candle opened on the middle bollie and is now well above it. When that starts closing above the upper BB FRE will be cruising.

30 minute chart: 1st time with more than 2 consecutive closes above the EMA8 since the bounce on Tuesday 9/9. Only 1 period closed above the EMA8 on Wednesday 9/10.

Still waiting to break the middle bollie here. People are cautious and taking smaller profits more quickly

- but now volume is dropping and Bid is thinning.

15 mins back below the 8 but still above the middle BB 20.
PSAR = .263

15 minute chart: 1st time with more than 4 consecutive closes above the EMA8 since the bounce on Tuesday 9/9. There were 4 closes above EMA8 on Wednesday 9/10.

Also the first time a tall 15 min candle held it's midpoint as support for more than 2 periods since Monday 9/8

Bottoming?

He does seem to like to avoid investors. Investors seem to have finally figured that out and are now avoiding his stock. Maybe that is better than giving empty promises or telling them he doesn't know.

That said, if the OS is, and remains what they say it is, if business has been continuing as they said it would, if they file enough to remove STOP from pinksheets, and if the news comes and says what they said it would, then, there is huge potential for a run. It could even be pumped very nicely for a while. Otherwise it remains at rest with no bullish potential at all.

"is getting" dim??? LOL - it's been a 15W bulb in a brownout for months.
OINKO and the amazing Dr Needs-a-Walker.

Yeah sure, as long as there is still room to go lower he'll have news eventually: We'll be filing something someday and we'll have a merger someday and some acquisitions that will really help because the market is so huge, oh - and we're uplisting too, really, we promise. But when will he actually DO anything he says?

Captain!

Still holding some of these. If the market doesn't die it should move nicely into earnings again.

LEH - cheeze - at this point it isn't even worth selling
MER looks pretty good from your entry point.
AIG was great yesterday! Not so sure about today.
Looking for a bottom in FRE, been thinking .25 might be good but the way it's been dropping, might be smart to wait...

Level 3 Communications Sets Third Quarter 2008 Earnings Call Date

Sep 16, 2008 8:00:00 AM

BROOMFIELD, Colo., Sept. 16 /PRNewswire-FirstCall/ -- Level 3 Communications, Inc. (Nasdaq: LVLT) will release its third quarter 2008 results on Thursday, October 23, and will host a conference call at 10 a.m. EDT.

The third quarter conference call will be broadcast live on Level 3's Web site at http://www.Level3.com. If you are unable to join the call via the Web, you may access the call at 888-240-9299 or 913-312-1237. You may also e-mail questions to Investor.Relations@Level3.com.

The call will be archived and available on Level 3's Web site at http://lvlt.client.shareholder.com/events.cfm, or you may access an audio replay until 12 a.m. EDT on Sunday, November 2, 2008, by dialing 888-203-1112 access code 4368821. For additional information please call 720-888-2502.

About Level 3 Communications

Level 3 Communications, Inc. (Nasdaq: LVLT) is a leading international provider of fiber-based communications services. Enterprise, content, wholesale and government customers rely on Level 3 to deliver services with an industry-leading combination of scalability and value over an end-to-end fiber network. Level 3 offers a portfolio of metro and long-haul services, including transport, data, Internet, content delivery and voice. For more information, visit http://www.Level3.com.

Level 3 Communications, Level 3, the red 3D brackets and the Level 3 Communications logo are registered service marks of Level 3 Communications, LLC and/or its affiliates in the United States and/or other countries. Level 3 services are provided by wholly owned subsidiaries of Level 3 Communications, Inc. Any other service, product or company names recited herein are trademarks or service marks of their respective owners.

Forward-Looking Statement

Some of the statements made in this press release are forward looking in nature. These statements are based on management's current expectations or beliefs. These forward looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Level 3's control, which could cause actual events to differ materially from those expressed or implied by the statements. The most important factors that could prevent Level 3 from achieving its stated goals include, but are not limited to the company's ability to: successfully integrate acquisitions; increase the volume of traffic on the network; defend intellectual property and proprietary rights; develop new products and services that meet customer demands and generate acceptable margins; successfully complete commercial testing of new technology and information systems to support new products and services; attract and retain qualified management and other personnel; and meet all of the terms and conditions of debt obligations. Additional information concerning these and other important factors can be found within Level 3's filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors. Level 3 is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.

SOURCE Level 3 Communications, Inc.


----------------------------------------------
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all of Level 3 Communications
Inc.

Ya gotta be loving this action on a down 300 morning!

Fannie Mae auction goes better than expected, analysts said
By Deborah Levine
Last update: 1:57 p.m. EDT Sept. 10, 2008Comments: 3
NEW YORK (MarketWatch) -- Mortgage giant Fannie Mae's auction on Wednesday of two-year notes was for much more than expected, possibly as much as $7 billion, according to analysts. The regularly-scheduled auction was the first after the government took over Fannie Mae (FNM:0.96, -0.03, -2.9%) and Freddie Mac (FRE: 0.88, 0.00, -0.2%) as the firm's equity shares tanked amid investor concern over its ability to raise needed capital. Traders yesterday said the mortgage agency may sell upwards of $3 billion. About 27% of the debt sold went to foreign accounts, analysts said. "This is showing the world that there is significant demand for this issue" especially from overseas investors, said Andrew Brenner, co-head of structured products and emerging markets at MF Global.

Didn't really think we'd see 3.15 today. Then again, I didn't really think the Dow would see 11,200 today either!

I hope LVLT holds above $3.05 or so, otherwise that new 1 post wonder on the board might be right. Then again, getting in at $2.75 wouldn't be all that bad :)

The .0002s are beginning. 6@ .0002 x 1@ .0003

3@ .0004
1@ .0006
1@ .001

Looks Brola is no longer a mover

Hey Capin! Too smooth on the ABK move, that is sweet. Bring your luck here, we could use a close in the $15 - 20 range!

If enough sheep follow him here the stock will run as they arrive. The trouble with RSing scamming CEOs is that they get to a point where everybody hates avoids and bashes them. Then it doesn't matter what they do or where you get in on their "ventures" - it all falls flat or down. I dunno enough about this guy to know if he is at that point or if he is still at the place where he has a following that will come run it up for a day or two. ICTY reaction to news would be telling, if they would ever put any news out!

Probably just a little anticipation buying - trying to time it to be ahead of the PR. They got in ahead of the PR allright, just a little(?) too early. Too bad the bid didn't come up more, 5 x 8 is a tough spread to convince anyone to buy and now buyers have to chew through 6 7 and 8. Which would be a breeze because the bid would follow it up with the right PR.

Ask is pretty thin now...

4@ .0005 x 1@ .0006
2@ .0004 x 1@ .0007
1@ .0001 x 1@ .0008
--------x 1@ .0009
--------x 2@ .001
--------x 1@ .018

Close this week above 3.36 and we have a bullish engulfing pattern on the weekly. Not to mention the handsome appearance of all the other indicators on the weekly. Close the week much above 3.50 and we are out of the top of the triangle on the weekly too.

Not to mention breaking out of the channel on the daily, which seems more and more like it HAS to happen soon with the RSI up here. Without a break of 3.50 close today I would still question the toppy appearance of the last 2 candles. But holding around 3.47 still looks really good.

4@ .0005 x 1@ .0006
2@ .0004 x 1@ .0009
1@ .0001 x 3@ .001
------- x 2@ .0018

Nice change after only 3.4M buys at ask.

Keep it up - and where's that news!?

6@ .0004 x 4@ .0006
1@ .0001 x 1@ .0009
------- x 1@ .001
------- x 1@ .018

Gotta love the 3.51 x 3.52 open. Time to bust on outta here!

-Level 3 [LVLT 3.52 0.09 (+2.62%) ] had the most positive impact on the NASDAQ 100 up almost 11% for the week, and almost 1% for the month

Oh yeah, axing accounts for using them too much. That should make them real popular :) We've decided you use your internet connection too much so we are cutting you off. I thought they were bandwidth providers, not bartenders.

Meantime, something is keeping the 8 from crossing north of the 20 today.
Howabout all that hubbub about LVLT "betting entirely on video when it comes to content delivery, ". Who are they kidding? Is it really their only bet? Is it really a bet? Wow. I honestly thought that was why LVLT couldn't beat it's opening PPS today. (from the fool article on the death of Akamai http://www.fool.com/investing/high-growth/2008/08/28/is-this-how-akamai-dies.aspx )