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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: Jeff Beckham who wrote (7811)3/20/1998 3:57:00 PM
From: Michael H. Dragon   of 42804
 
Jeff,what I find so frustating is people that do their own research and decide to invest in companies that appear to be diamonds in the rough seem to be getting batterred by a herd mentality.It appears that irregardless of pe's or future earning prospects if you buy what went up yesterday you'll make money.In todays market the only thing to consider when evaluating a company is apparently momentum; it is the greatest driving force to a companies valuation.I can pick winners across the board but I just can't commit my money to them at these levels,maybe I should start looking at index funds.I wonder if it is too late to short mrvc as the direction is obviously down.
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