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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Uncompaghre who wrote (4846)	3/3/1998 2:21:00 PM
From: Jimmy Dell	Read Replies (1) of 7396

MRVC was rated a strong buy this morning by Gruntal. I just bought in at 23. Fundamentals look good and stock price has fallen steeply lately. Was on its way to test support at 21 this morning but bounced. Could be some good upside here, depending on how tech sector performs. RESEARCH ALERT - MRV Communications (NASDAQ:MRVC) a buy Reuters, Tuesday, March 03, 1998 at 11:25 NEW YORK, March 3 (Reuters) - Gruntal & Co said on Tuesday it started coverage on shares of MRV Communications Inc with a strong buy rating. -- "We believe that MRV is well-positioned to participate in the multi-billion market for high-speed data networking equipment," analyst Vivek Rao said in research note. -- Company a rapidly growing designer, manufacturer and marketer of high-speed network switching products and fiber optic transmission systems that enhance the performance of existing data and telecommunications networks, Rao said. -- Sets 12-month $43 per share price target. -- Stock trading at very attractive valuation. -- Company has proven track record of delivering consistent growth in sales and operating earnings, Rao said. -- Shares up 5/8 to 22-7/8.

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