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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: James Calladine who wrote (19602)3/16/2000 3:38:00 PM
From: Sector Investor  Read Replies (4) of 42804
 
<<Since then you have not been on the MRVC thread, but we have spied you elsewhere..... It has popularly been assumed that your answer was NO and that you cashed out at the MRVC peak and left for the Marquesas Islands...!>>

I don't know where everyone gets this island stuff - it's a nice thought though.

Yes, I had exited MRVC - for purely personal reasons (that DO have to do with retiring), via an elongated process (but not elongated enough) up through $150. When MRVC continued to rise, I was upset (to put it mildly). I have not even been reading the thread this past month, so I have a lot of catching up to do.

I spent the last month 90% in cash - and thought I had made a mistake, until this Nasdaq correction hit. All of a sudden things don't look so bad - from MY perspective <g>.

I realize many people are in deep pain here, so I won't rub salt in any wounds. I will say that I slowly moved back into stocks this past few weeks (until yesterday and today when I kinda went wild), and am now quite a bit more diversified than before. I had a buy in yesterday at $128, which I was unhappy I missed (ha!). Then when I saw the weakness I put in a bid just before going to a meeting. The bid was at $125, which hit. I didn't even see the drop to $105 and recovery (good thing) until I returned from the meeting. I will probably never hit the level of ownership of MRVC I had before, but $6-$150 ain't bad.

Yesterday and today I did some aggressive buying in the biotech sector, and I also have another long term appreciation stock that I like.

More later - but I am back.
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