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 (16441)	10/27/1999 12:46:00 PM
From: Bridge Player	Read Replies (3) of 42804

Musings.... The symmetrical triangle that MRVC is tracing out from the 9/2 lows and 9/10 highs appears to have its apex at about 23, in roughly 10 more trading days. That would be around 11/10. We jabbed below the uptrend line briefly this morning before bouncing. I can think of several things that might be the catalyst for a breakout of this pattern to the upside. 1. Announcement of an underwriter for the OA IPO. 2. Announcement of the new CEO of OA. 3. New coverage by an investment bank (maybe one of those participating in the cc; personally, I would love to see Hambrecht and Quist, although I believe they have been bought out and are no longer independent; why not? high tech specialists, geographically close, great rep) Weak overall market a possible negative that might cause a breakout to the downside. Can't think offhand of any other pending negative news that might occur. Whichever way it breaks, I would guess we might get a 4-5 point move fairly quickly. Which would suggest either 18 or so on the downside, breaking the support at 20 (as well as the 50-day moving average), or a breakout thru the old highs at 26 1/4. Either possible before Christmas. Interesting times here..... BP

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