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: lin huan chen who wrote (3844)	6/9/1997 12:52:00 PM
From: Steve Lee	of 42804

Nice to see someone else making decisions based on experience rather than optimism ! Does anyone have any information on the proportion of today's volume attributable to sellers. My guess is that the MMs have been trying to hold the stock up and must move the spread down soon unless there is a lot more buying interest. My new buy and sell prices are 24 and 29 respectively.... You said: I sold mine at 27 1/8. The reason is purely technical analysis. Everytime MRVC has a heavy trading volume day, it turned to another direction. Probably it is a common phenomenon for thinly traded stocks. I could be wrong easily. Good luck! I hope that you are right.

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