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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: Paul Senior who wrote (23214)8/20/2000 8:01:18 PM
From: kvkkc1  Read Replies (1) of 42804
 
Paul,

In response, many traders do well, but the statistics I've seen show that 80% of them lose. This is not to mention the mutual funds who benchmark against the various indexes, but for the most part fail to beat them for more than 1 or 2 years in 5. The thing about being a LTB&H is that the position in CSCO or other successful companies over a period of years is the compounding effect that has taken place. I initially bought 500 shares of CSCO and that has grown to over 16000 in the past 7 years. So every 1 5/8 points gives me another 100% on my initial investment. MRVC on the other hand needs to go up 10 points for me to add the additional 100% of my initial investment after owning it for 5 years. For new money, MRVC may move faster, that's why I continue to hold, but I stand by my previous post. I would be curious as to how you value stocks, and are able to buy MRVC and not CSCO or the like. Holding MRVC and hoping the IPOs are successful(and quick).knc
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