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: LarryX-Man who wrote (7243)	2/24/1998 10:50:00 PM
From: Sector Investor	Read Replies (2) of 42804

Sorry to respond so late - I just got in and there are many posts ahead of yours I haven't read yet. MRVC has NEVER missed a quarter in it's history, and they not only stated they would make Q1, but were "positioned for a healthy sequential increase". Now 1 cent over is a only a 4% sequential increase, so I have to believe that MRVC came right out and told us that Q1 will be $0.27 or higher. This when they are already 60% done with Q1, so it is a good estimate, IMO. Given this and the fact that the inventory "problem" is way overblown, I have to feel that MRVC or analyst's will correct themselves and bring the stock back up several points. I bought March $22.5 calls which should do well unless WWIII starts tomorrow (it would be just MRVC's luck). I only sold 1K yesterday (should have listened to Seth) and bought back in at just under $26 average, so my basis was lowered a bit and I now have a lot of 22.5 calls. I have to feel I'm just fine, but what do I know?

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