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: jay silberman who wrote (115)	8/18/1996 4:26:00 PM
From: jung, haeoh	of 42804

Jay wrote: Leo - for us newbies, can you elaborate on what you mean by "So, if prices refuse to be broken on the upside, start to become suspicious." ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Jay, What I think Leo is saying is that if MRVC fails to break through resistance at ~20, then one should decide to hold on or to sell. In case you don't know what resistance (and support) is, resistance is a price level at which a stock meets considerable selling on its way upwards, thereby making it difficult to go above that resistance level. Support is a price level at which a stock meets considerable buying on its way down, thereby preventing further price drop. All this can be found in any good technical analysis book. I used to be a fundamentalist and still am, but this technical analysis can be quite helpful in predicting near term price pattern. Regards, Haeoh Phila., PA

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