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: Seth Leyton who wrote (5759)	11/4/1997 5:50:00 PM
From: STU	Read Replies (2) of 42804

Seth, Nothing wrong with this company. A seller has just appeared and once these shares are absorbed stock should quickly move back up into the 30's. The stock could drop from here, but how far down would it take it to go before you become a big buyer. At 21X '98 $1.40 this stock is a bargain, so let the seller sell. The buyers will step up once the seller completes. He may have done such today, but by tomorrow we'll realize as stock sees little upside resistence. I saw 1 large 25M block trade at 29 at 3:57 and several smaller 4M to 5M buys at 29. Stu PS Great numbers by CSCO. Go MRVC.

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