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: Bridge Player who wrote (14471)	7/15/1999 11:14:00 AM
From: Bruce L	Read Replies (1) of 42804

<seems ...as if one or more institutions...are just sitting on the bid..sucking up whatever they can get without chasing it.> I was away from the market yesterday, but your observation seems apt for today as well. Market for MRVC nicely firm, although some MM bids at 15 5/8 just disappeared. Could be part of a "stealth" plan by someone to disguise their eagerness to buy in. Looks to me as though even with disguises, if any exist, that demand is too firm for 15 to hold for options expiration week. So I'm in the process of trying to re-buy my covered July 15s. BTW, it is because if this firm demand that I too feel MRVC will "fill the gap" from last August immediately after the upcoming CC which I expect to be very positive. (While I was writing this, the stock droppped to 15 3/8-1/2, but I'll stand by my opinion that today and tomorrow will be up.)

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