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: Sector Investor who wrote (14326)	7/7/1999 2:39:00 PM
From: Bruce L	Read Replies (2) of 42804

<<Where do we go from here?>> Well, first we have to close above resistance of 14 1/4 and then consolidate that breakthrough by continuing to close above it for a day or two. Just to remind everyone (and I probably don't have to) this was the closing price ~August 26, 1998, the day before we plunged below 6. If we do this, we should proceed in our usual jerky fashion to 17 1/4. This could take a month, or, then again, it could happen the day after the CC on July 26, 1999. 17 1/4 is going to be pretty tough resistance because this is when a lot of us were coldcocked you know when, and many will be happy to get out even. In the short term, I expect the MMs will hold the stock to 15 through options expiration on July 16.

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