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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: Renee Scherb who started this subject9/20/2000 3:29:26 PM
From: James Calladine  Read Replies (1) of 42804
 
STILL DOWNSIDE BIAS:

The way "the market" seems to still function:

-- once MRVC dives, it stays there longer than everything else has moved up, once the NAZ has sharply risen.

-- after MRVC finally moves up, it nervously dives (much more than the parallel NAZ move) if the NAZ moves down at all. (for example now $57.25 when low for whole day so far is $57)

What does that suggest to you skilled market readers?

Best wishes,
Jim
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