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: Mike Winn who wrote (5855)	11/9/1997 10:55:00 PM
From: JetJamr	Read Replies (2) of 42804

>>MRVC is approaching the lower Bollinger band, whatever that means. Any TA expert out there?>> TA would indicate via Bollinger, an oversold condition, indicated by the close being nearer to the bottom band than to the top band. The volatility is declining as the bands are getting closer together, but the oversold condition may continue. TA would probably indicate to hold and wait for some sort of price increase before going bullish. Mike, may I say...I didn't particularly like your posts in the beginning, but since you are back you sure do know your stuff. (I actually read them all the way thru too <g>) And the others are right, you are extremely vital to this thread. Glad you are back. JetJamr

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