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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 (23989)9/17/2000 7:06:01 PM
From: Sector Investor  Read Replies (1) of 42804
 
Hang in there with me on all these links, please.

Look at this Raging Bull post

ragingbull.altavista.com

Now look at May's trading ranges

chart.yahoo.com

People short on that $50 recommendation had to be originally short around $25 post-split.

Now look at June's trading ranges (post split numbers of course)

chart.yahoo.com

Now look at how short volume jumped dramatically in June - anything above 6.65 million is an increase.

viwes.com

- but then went down by July to almost the May levels.

Now look at July's trading ranges

chart.yahoo.com

Conclusion,

- lots of shorting occurred between May 15th and June 15th.

- lots of short covering occurred between June 15th and July 15th.

- Anyone still short from that recommendation is hurting big time.

- But anyone who shorted in May on that advice, then covered by July took a big time licking too.
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