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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: Jack Colton who wrote (7889)3/27/1998 7:57:00 AM
From: Kamil Nemr  Read Replies (1) of 42804
 
Jack, I'm glad that someone other than me has noticed this ubnormal behavior. To make sure that this is correct, I spent quite a bit of time already watching trades going through real time. I have tiled two windows on my computer so I can see both open market and Nasdaq level II trades (institutional trades), it was obvious that more than 80% of the volume was MMs, they did not allow the price to get over 24 or below 23 for long, I suppose that the latter is good news but how long is it gonna last?
I also noticed that a large buy volume took place at 23 1/16 to 23 1/4 level by the MMs and a light sell volume 23 5/8 level, but should'nt this drive the price up? I don't understand!! I welcome any input on this from the more experienced.
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