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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: Duffeck who wrote (41386)8/4/2003 9:16:58 AM
From: Greg h2o  Read Replies (3) of 42804
 
<<Greg I'm guessing here but I suppose you think that because of CIBC coverage there is more "interest" in the stock as compared to the case of "no" coverage. Therefore since there is more "interest" there would be more trades hence higher volume. Is that right? I'm not convinced!>>

actually, the discussion was about analyst coverage, in general....however, it would have been interesting to see what the volume would have been without any coverage by CIBC. now, if you don't think the addition of coverage by a decent sized brokerage firm (especially with something other than a "sell" or "hold") would increase coverage, i would beg to differ. CIBC had coverage as a "hold" or "sell", during a period in which this was the general intent of many shareholders. if someone were to bring out positive coverage, i do believe you'd see a rapid increase in volume.

there are clearly many factors that influence volume and i'm not stating coverage is the main driver of volume. i don't have any numbers to support my thesis, but i would guess there is plenty of research out there on the subject (if it's important enough for you to take the time to locate and read the research)....
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