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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 (7493)3/2/1998 6:28:00 PM
From: J. Conley  Read Replies (1) of 42804
 
(The one thing I pray is that there is we know the whole story.)

In light of what was stated about this quarter in the cc, I find little concrete reason to think there is some catastrophic, or even negative, news that we do not know. Management of this company is not stupid enough to INVITE a shareholder lawsuit.

Insiders have a considerable personal stake in the share price, and in the success of the company. Are they selling, or filing SEC documents indicating an intent to sell? I haven't seen any.

This is selling on fear. Similarly, a little over two months ago we were facing a "bear market in techs" due to the Asian crisis. Remember that?

jc
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