Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

L-3 Communications Holdings Inc: Catching A Falling Knife

|Includes: L3 Technologies (LLL)

This morning, leading provider of communication and electronic systems to the U.S. military L-3 Communications Holdings Inc (NYSE:LLL) is plunging by 14.0 percent. According to the Wall Street Journal the company disclosed accounting irregularities linked to its aerospace logistics support contract. Traders and investors should now watch for some intra-day support for L-3 Communications stock around the $101.00 level.

Nick Santiago