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: Dana Adams who wrote (3978)	6/24/1997 10:07:00 PM
From: Trader X	of 42804

Glad you mentioned short interest, Dana. Looks like there was significant short covering today, and I'm counting on that trend to accellerate the rest of this week. BTW, the price movement today was superb. No gaps to be filled, nice volume, altho somewhat weaker than I was hoping for, for a true breakout confirmation. Each advance the past 2 days has been followed by a couple hours of consolodation, back and fill, very orderly. This is nice since it helps prevent a big selloff on reverse momentum, a problem the stock has had in the past. The question now is, when will it pull back to test support at 29? I'm thinking Friday, on end of week profit taking. -Kevin

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