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: WBendus who wrote (2541)	3/17/1997 11:04:00 PM
From: KOVICH	of 42804

Bendus, The 20,000 share block was canceled.I saw the cancelaton on bloombergs trade recap. I agree with seth there was not much institutional selling today. When MRVC trades this much volume at these levels it usually sign of a washout or a bottom. If the market can turn up I believe management will begin to let the canary out of Noams mouth. Until the NSDAQ firms up, any news would be a fruitless attempt to promote the stock. We are at the markets mercy. I dont think the nasdq will trade below 1250 on this selloff. If it does test the 1250 support MRVC might see a quick moment below 18. In any case in the last 10 months the stock has spent only 3 weeks under 18. Most of the time it has been over 22. The trend is still intact and if it fails the fundamentals will bring us back. It has normally only taken 2 months after selling off to retest 30. Why would this time be any different ? IMHO KOVICH

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