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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 Ross who wrote (770)11/22/1996 6:21:00 PM
From: Ernest Emerick   of 42804
 
Dan,

I agree that long term this should be a good one, but I didn't own with as low a cost basis as you...

I did at one time, but with averaging down while it has sunk over the last few months, it is back in the low 20 area....

And yes a good portion of it was margined....

Not a problem as long as it was going up!!!!

My biggest problem, is that with no end in sight to the downward trend, I could (and now do) own something more profitable in the short and long term.....

My Oracle is kicking ass, but unfortunately, some months ago I sold most of my INTC to buy more MRVC!!! (yes I know, stupid me...)

Oh well, I bought the Vette anyway, Yellow/black/black

So at least it will take my mind off the market for a while!!!:)

Ernie
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