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Technology Stocks : MRV Communications (MRVC) opinions?
MRVC 9.975-0.1%Aug 15 5:00 PM EST
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To: jay silberman who wrote (996)12/6/1996 12:52:00 PM
From: Dan Ross   of 42804
 
Didn't sell at 80!

Sorry Jay, but the P/E at that price was astronomical. IF it gets that high, which is 40 now after the split, I may take some money off the table (long-term dollars). From there, I'll see if it goes back down and buy more at REASONABLE levels. As of now, 40 isn't possible (highly unlikely). However 30 is and should be around the next time earnings come out.

Of course, with buyout rumors, the stock would soar if next Q's earnings are great now that the name is starting to get out.

Remember, it isn't wrong to lock in profits. Cover your costs at some point and let the rest ride. From there, it is your decision on HOW MUCH MONEY YOU WANT TO MAKE.

just one man's opinion.

on my short-term side, I would love to break the 28 level. I remember big resistance at this level earlier. Wouldn't it be nice to have a nice base at 28 or 30 for the TA (techical analysis) people to look at.

Currently, I think that 22 is the most important area of resistance.
On the lower side, we saw 16.5 which is quite low for the stock. As a result I bought some stock then and sold at 24 and change just 2 weeks later.

I believe that all investors should know the trading ranges and fundamentals of a company to make both long-term and short-term profits.

We're through that and going higher.

Good luck

Dan Ross
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