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: BOGEY MAN who wrote (7385)	2/28/1998 11:39:00 AM
From: Stu Bishop	of 42804

Bogey, MRVC shares are trading at the same price as one year ago. Meanwhile, they reported $0.25/sh versus $0.16 in the year-ago quarter. I'd say this stock is beaten up pretty bad already. I can't imagine there's much down-side risk left here. Of course, there's the possibility I'm wrong. I know it's frustrating owning this stock; I bought at $27, so I too am in the red. But eventually, this stock will have to move to higher ground. Who knows when? Who cares? I'm not a trader, so it doesn't matter to me what the stock does short term. Be patient. I learned that lesson when I bought Sierra Semi (now PMCS), and held it for a year with no significant movement to the up side. I lost patience and I sold it for maybe a 1 dollar profit. The following year the stock doubled. MRVC should double in the next year. Best of luck

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