LEVEL 3 (LVLT)

[mr_bitterness]

I would consider that the combo of shorts and expiring contracts along with the "bad" market could drive down a stock in the position LVLT is in. Being undervalued is not reason enough to more or even stay up.

So many "good" stocks have carved out new lows or new lows in this trend and LVLT is still holding above recent lows. They were not exactly bullish going into this market so imo they are doing A-OK and all the indicators are still trending nicely upwards for them, this is down but so far it is a not a downside breakout.

I figure the DJI will start to pick up again (or at least turn sideways for abit) after 11,900 or so. That upward momo could help LVLT, esp if it is combines with ay or all of the stuff we've been waiting to hear.

Don't forget to take another peek at ONMC, that next leg up I spoke about earlier this week is starting to pick up its foot.