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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: Greg h2o who wrote (14565)7/22/1999 12:32:00 PM
From: Bruce L  Read Replies (2) of 42804
 
Fall in MRVC price on very light volume

In the first 15 minutes, on only 13,000 shares traded, it started at 14, went to 13 5/8 and back again to 14. MMs - and traders - were/are so nervous that a few hundred shares could move the price. Given what happened thereafter, I have to admit they were prescient.

Then we dropped to 13 1/2 - although there was 10,000 share block at the ask(13 3/4) - and now 13!!! And volume seems to be picking up.

Very depressing because I bought 1000 more at what I thought was a bargain basement 13 3/4.
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