Well, here's my perspective on MRVC-
I only have 100 shares left at a cost basis of $9. I took profits, because I had gotten seriously whacked when MRVC went from $20 to $6.
What is different now?
1) You will sometimes even see MRVC's name in print! Tech investors are starting to know who we are. Example: Terabeam is buzzing, but folks know MRVC is somehow involved. That's good.
2) Next Q I am hoping that we will see the numbers from many new Optical components. After the summer, the little startups might have some news. Timing looks fair. Too bad this wasn't all going on last Q, though- timing is bad for a tech wreck. We need to show sales to show long term viability.
3) I distinctly remember October '89- and the merger mania that followed made the wallsteet journal read like a funny joke. Every day there was some new megamerger. If the same trend continues, MRVC could have many suitors. While many of us beef about LU, it sure held up Friday- looks like some kind of bottom there, to me. Terrabeam, LU, MRVC... wishful thinking.
4) Downside? Hell yes. Think you could end up losing original capital? I don't see that. As you said, taxes hurt.
We presently have a price/sales ratio of about 5- which is a bit high- except I think sales should be reported to be up, and in the future up a lot. Maybe we could drop another 50%, but that would be way oversold, IMO.
Here is a good read: biz.yahoo.com
I'm keeping these 100 shares because a) I might lose my entire $900 or b) in 5 years could make me wish I'd kept 'em all.
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