Level 3 Communications; Geeknet; Aastrom Biosciences

Level 3 Communications (LVLT) spiked yesterday (02012.02.23) thanks to an upgrade by some investment firm. LVLT closed yesterday at $23.51, up 12.6% for the day. Volume was 7+ million vs. trailing-3-month avg. of 1.8 million. 52-week range: $16.51 - $40.05. Despite the 12.6% jump in price, LVLT is still well below its 52-week high. Morgan Stanley upped their LVLT target price to $31, but my target price is stuck at $52.20.

Geeknet (GKNT) hit a new 52-week low of $13.90 two days ago on 02012.02.22. GKNT closed yesterday (02012.02.23) at $14.63, which means our Geeknet investment is underwater. Where's the government bailout line?

Aastrom Biosciences (ASTM) hit a new 52-week low of $1.75 yesterday (02012.02.23). ASTM has been a frustrating investment and it is current underwater. The temptation to add to our position is strong and I might act on that temptation if ASTM falls to $1.50.