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 (16559)	10/27/1999 8:25:00 PM
From: Bruce L	Read Replies (1) of 42804

<<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...> BP: Nice analysis. I think the 4-5 point breakout will be to the upside. I really, really liked today's pattern. We dove to as low as 20 5/16, surged as high as 22 1/16 midday and then in the last 10 minute - with the DOW also charging forward- we fought back to the 22 area on some active trading. To this amateur, that makes a HAMMER pattern and it is bullish. It looked like many traders were watching MRVC to make a bottom and then were scrambling to get on board before it's too late. The only caveat is that I didn't see many large trades at the end. FWIW, I predict a good up day tomorrow. Bruce

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