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: mph who wrote (8529)	5/4/1998 9:43:00 AM
From: Seth Leyton	Read Replies (1) of 42804

Not really. I think the stock will retrace the highs of last year, certainly. But realistically there will be a lot of psychological resistance at $40. With most estimates putting the high for '98 at around 42-45. I would prefer to see a nice slow incremental move up verses a gap up. Gaps are normally filled in which means a drop back down and I don't think any of us want to see that. I still go long by shorting the puts and I still sell calls on up movements. Why? Cause I don't think the volatility is over but I am not writing a lot of calls right now. The stock is holding nicely through, what I think, is short term technical weakness. If the valuation holds then we'll see that upside move into the thirties that many of us have been waiting over six months for. This is no longer a pure play on gig ethernet. This is a great play on Internet growth, Gig ethernet and fiberoptics. Good luck. Seth

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