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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: Sector Investor who wrote (18788)2/10/2000 12:34:00 PM
From: sailor  Read Replies (1) of 42804
 
To Sector Investor:
This is my first post to the board, so I am the new guy on the block in terms of participating, but I bought into MRVC at 6 7/8 last March. I have been following the chat very closely for the last year and have greatly appreciated your comments and the quality of the chat in general, and the fact that everyone seems to be serious and respectful.

To the point--- Was it as obvious to you, as it seemed to be to me, that when MRVC hit 89 on a Friday and closed at 88 after a big run up that on Monday there would be a big drop. I am 50 and a real estate guy and MRVC is my first stock purchase (bought into two other private companies over the years that went bust). So, on Friday at 88 I was thinking seriously about selling and anticipating the drop, but didn't have the courage to do so.

So if we hit 100, does that seem to be the same kind of opportunity. I am sure that will have to be in the context of how it approaches 100, but assuming we see a spike that takes it to 100 (ref: to Webdrone's analysis), that seems to be a similar situation as the Friday close at 88, and the an opportunity to leverage some gain.

At 100 MRVC exceeds my highest expectations and meets my needs of getting cash to take off and sail. So if I sold at 100 and it did not drop but kept going up, it would not be the end of the world for me. Just curious about strategy as much as anything else.

Thoughts--Thanks
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