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: Phil Rosten who wrote (9834)	8/3/1998 1:11:00 AM
From: BEEF JERKEY	Read Replies (2) of 42804

A couple of other points: One thing that hasn't been taken into much account in recent discussions regarding MRVC is the overall small/mid cap tech weakness. Cirtainly management has been criticized (in some aspects justifiably so) but I think maybe the shorts have been given too much credit for the low share valuation. Fact is I keep a casual eye on a number of what I consider high quality growth companies a lot of them small to mid cap. Today when I spent some time going over my list I was surprised to find a few charts that are very similar to MRVC. That is they fell off last November bounced a bit in the spring fell in May/June bounced a bit in July and have now sold off to ridiculously low valuations. These are all pretty decent companies with low peg good products ect. Small/Mid Cap stocks have essentially been in a bear market the last nine months. Companies the size of MRVC have sold off an average of 35 to 40%. Another point even though I really like MRVC I'm sitting on the sidelines right now with most of my money waiting not only for the stock to show some strength but for the recent weakness (last ten days)in the overall market to stabilize and reverse. I think there are a number of people out there like me. When this stock reverses it'll be dramatic. With short covering and everybody else jumping on ten bucks to upside in a week will be no problem. The earnings announcement could have done this but the overall market was in sell off mode and MRVC just isn't strong enough yet. A note to shorts. MRVC has a history of dramatic moves to the upside and the next fall back will likely not be so low. I really think the arguments that management has been been up to financial monkey business must be strongly questioned in absence of any proof because otherwise its just a gamble. Really the easy money shorting this stock has already been made. This is not the weak company some would have you believe.

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