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: Greg h2o who wrote (21257)	6/7/2000 10:58:00 AM
From: bob zagorin	Read Replies (2) of 42804

actually, i agree with you greg; in most stocks, most of the time, news and fundamentals drive price not TA. in some stocks, TA is news (like crossing an average ec.). but TA can help give you an edge about underlying demand, risk-reward etc. with that said, i think MRVC could move to the mid-60s pretty easily with some volume and some good news. that's where my MoneyStream indicator is trending. there's a little resistance in the mid-40s but the nice thing (if there is one) about the big decline from split-adjusted 90s to 20s in just one month is that there were relatively few buyers in that period to get in the way. but i don't think it will get back to its old highs real soon. all MHO <g>

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