Replies to post #3549 on LEVEL 3 (LVLT)

[eddy2]

Assets will be half there value with a sharp decline in profits is my prediction. Still have a short position inplay.

[Prudent Capitalist]

Sad to say the tide didn't turn for LVLT, as predicted in that article, as Q2 2012 was a negative disappointment.

[Prudent Capitalist]

Tax loss season is upon us, and as always happens his time of year, investors are selling their old LVLT shares to offset gains.

What that means for any remaining believers is that LVLT shares will be seriously on sale over the next 5-6 weeks. IMO, LVLT shares are attractive at these levels, and I expect we may see $15 - $16 before all is said and done.

That provides 3 key opportunities. Long term investors can seriously average down their overall PPS bringing the light at the end of the tunnel much closer; new investors can get in on a stock with good long term potential at this very attractive level far below what current long term holders paid; and traders can laugh all the way to the bank buying down low here and selling up in the $22 - $26 range, which is a good bet given the normal recent trading range of the stock.

Food for thought.