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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: Dan Ross who wrote (1168)12/12/1996 2:00:00 PM
From: Mike Winn   of 42804
 
Dan,

I checked with the company and the earnings report is due at the end
of January or early February. They will know for sure the date after
Jan 25th. That's actually a little more than 6 weeks but that's not
too far away from now. The stock could move before the earnings day
in anticipation for good earnings.

In my earlier post, I said a 50% gain every four months will give
you a 337% return for the year (take 1.5 to the power 3). To clarify
this, it's actually 237% gain after you substract your principal from
it. It's not that hard to pick stocks that give you 50% gain every
four months.

To further dream, I will say that a $10000 investment in an IRA account
that pays no tax at 200% gain per year will make you a millionaire
in 5 years, I repeat only 5 years! Take your calculator and do your
math if you don't believe me. It would be safe to get that kind of
gain if you keep investing in a stock will reasonable valuation like
MRVC and with high growth. The management of this company has been
very honest so far and when they say they will try to triple the
sales this quarter, it will be at least very close to that.

Let see: 10K at 200% gain will give 30K at the end of first year.
90K at the end of the second year.
270K at the end of the third year.
810K at the end of the fourth year.
2 million and 430K at the end of the fifth year !!!

Go on dreaming. It's within your reach if you forget about being
too short term (day or week trader).

Mike.
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