LEVEL 3 (LVLT)

[mr_bitterness]

Dow = 11,562... new low for 2008. Could be falling through May 06 support... what comes 1st... $11,200s? New range around 11,500 - 12,000? Turn back up?

I don't think its ready to turn up just yet; 'slow and low, that is the tempo'
This should be the bottom of the curve here but I am not so sure this time. Maybe it needs to do some time in the 11,200 - 11,700 range before moving back up. wow

LVLT is holding up well here, all things considered. Really needs to hold on to the $3.25 area. Howabout a couple upgrades or some good news to help that along?

Technically this shoulda been a good week for LVLT but with the overall market choking there may be an increase in short positions fighting to drag it down. If the market corrects, those shorts will drive LVLT even higher later.

6/13 shorts = 236M, up 5M from 5/30.