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: SJS who wrote (7695)	3/12/1998 6:58:00 PM
From: Texas_Hillman	Read Replies (1) of 42804

Hi Folks, I am an old-time and successful chartist. From a technical analysis perspective, I see two things for MRVC: A triangle in the chart is completing, once it does, the stock will rise to 28 and then to 38 (resistance levels). It is certain to break these levels ... the long-term pattern includes an truly nice 2-year base in the range 20-38. A breakout at 38 would indicate the next rise to about $60/share. In terms of valuation, if this occured before December, the trailing P/E (assuming $1.30 earnings, quite likely) will be 46. CSCO's is in the 50's. Historically, MRVC's P/E has been lower, but the company is getting significant press and that's going to change - it is an 80% grower! The forward-looking P/E would be close to what it is now ... I am very happy to be holding MRVC. Exquisitely happy, in fact. Tex

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