MRV Communications (MRVC) opinions? Message Board

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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: Dan Spillane who wrote (2558)	3/18/1997 11:26:00 PM
From: WBendus	of 42804

Going by the charts only, it looks like this downtrend should end in 1 to 2 weeks if history is any indication of how long and how far the corrections in this stock last. They typically last from 4 to 9 weeks and this one is now in its 6th week of correction. The magnitudes of earlier corrections have all been about the same as this one. In 5 of the 6 corrections this stock has seen since early '94 within about 11 weeks or so it has retested the previous highs. MY CYRSTAL BALL SAYS!!! Two weeks from today is our low at just over $16 and 13 weeks from today we are back at $29. That would put us a few weeks after the Q1 eps release where MRVC will beat estimates by 4 cents or be at .21 cents a share. 3 analyst will come on with initial buy ratings and forcasts will be for .96 cents this year and $1.48 next. Moving the stock to $50 by year end. Wayde.

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