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: Richard Birecki who wrote (6214)	12/4/1997 12:07:00 AM
From: Mike Winn	Read Replies (1) of 42804

Well expect another drop in the network sector when 3COM actually reports earnings on December 18th. It has only warned so far. Funny that Robert Stephens upgrades 3Com today while others downgrade it. Both 3Com and ASND are now hit with class action suit. On the other side of the coin, since the bad news is already known, sometimes the stock market reacts positively when the bad earnings is announced. You never know. My take is to buy some now but leave some dry cash to average down if the stock drops further. Looking at the chart, my prediction is COMS will go briefly under 30 to the high 20s. I think today rally will be short live. Cisco will go down slowly in the next couple of days, pulling down the whole sector with it. Both Cisco and 3Com will be hit by the Asian economy. Disclaimer: I am an amateur at predicting short term price movement. Take my words as is or as a contrarian indicator.

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