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: michaele23 who wrote (22138)	7/20/2000 12:21:17 AM
From: GS_Wall Street	Read Replies (1) of 42804

From the looks of things volume started to swell at 1:00pm,then about an hour latter it climaxed as more and more traders picked up on the stock. An old trading trick is to monitor stocks making highs after 10:00am and to buy them and hold for the remainder of the day. Just after 1:00pm MRVC made that high and kept making new highs until 2:00pm, any one trading the breakout made good money. As high tech stocks keep getting hit with buy orders the MM move the stock higher and higher, until the buy orders stop, then they walk the stock down and cover for a profit.

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