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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: jjrocket who wrote (15719)9/14/1999 2:14:00 PM
From: Bruce L  Read Replies (1) of 42804
 
<<Anyone care to hazard a guess as to closing price?>>

Since the early morning drop to about 23, MRVC's price has been firm. In even a flat market, I think we could have ended unchanged at 24 7/8.

BUT I don't like this market at all. The divergence between the DOW and NAZDAQ is IMO likely to be resolved sharply on the downside late today ahead of the PPI figures tomorrow.. Just my guess. I think we'll close at 23 7/16.

That said, I couldn't resist buying back some of my own trading shares at 23 3/16 and 23 9/15. We'll soon see.
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