Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Marlin C. Harmon who wrote (3103)	12/2/1997 12:14:00 AM
From: SpecialK	of 7396

Another stock I noticed is ADIC, which just reported positive earnings, beating estimates, should go up over the next month. I actually hope MRVC goes up to 30 tomorrow, but hope doesn't bring me any profits. I noticed that the volume looked good, seeing the intraday chart, there has been recent resistance at 28.5, but it may find new support there. The only reason for bullishness vs. a pullback is that 6 weeks ago there was a secondary offering at about 38, it won't look good to those customers buying if they are holding on, if we don't see the 30s soon. The markets are rebounding and today, 3com another networker popped higher, CSCO was higher today also, MRV sometimes is a follower. Ketan

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