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: Kamil Nemr who wrote (7318)	2/26/1998 4:33:00 PM
From: Jim Bautch	Read Replies (3) of 42804

Kamil, I could not agree with you more. I realize that the inventory thing justified some uncertainty and the possibility of a pullback, but I have never seen a company with such growth and past performance get so hammered (considering the numbers were pretty damn good). There is obviously more to the story, I just wish I knew what it was. Your suggestion is a possibility, but so is some other type of pending negative news that we just don't know about. Again, I too have been trying to rationalize the steep sell-off, and am completely at a loss (no pun intended). What is your opinion of the stock trading at 24 all day today??? On the Bloomberg there were an awful lot of big block sells going through, but the price never really moved down. Does that indicate that the market maker on the bid was absorbing (buying) huge amounts of stock. Isn't that considered some type of accumulation, where the market maker absorbs tons of stock, keeping the price steady, only to resell it on the ask for a large profit??? Wish I knew who was sitting on the bid all day. Tico

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