LEVEL 3 (LVLT)

[Prudent Capitalist]

Most investors who have held LVLT long term, i.e. held for more than 8-10 years, are down quite a bit and that explains the bounce back today after the end of the tax loss selling season. Folks who did not want to wait around to see if the shares yield the projected $65 - $70 in the sale to CenturyLink (CTL) may have bailed a bit early and left some of the funds on the table in order to take the tax loss in 2016. Nice upward movement in the PPS today.