MRV Communications (MRVC) opinions? Message Board

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Technology Stocks : MRV Communications (MRVC) opinions?

MRVC 9.975

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Aug 15 5:00 PM EST

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To: Bruce L who wrote (10172)	8/22/1998 1:03:00 PM
From: Cube	Read Replies (1) of 42804

Bruce, I read just the opposite with Friday's trading. It has been my experience that making new lows on low volume is a very bad sign in the short term. It means that the new lows being produced by the weak longs selling their positions, is not attracting any big players to the newly produced low price. I will be covering my short in this stock when I see the telltale sign of a bottom in my experience, which is a substantially lower low on any absolutely massive volume without the close being on the low. This generally means that the large player could not abide the latest low and see it as a bargain. Just my opinion though. Cube

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