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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: Dee Jay who wrote (10265)8/26/1998 4:27:00 PM
From: Sheldon Feinstein  Read Replies (8) of 42804
 
Pink has obviously got some head problems, but clearly he appears to be onto something. I have been in the stock market for over 35 years, and I am long over 13,000 shares of this stock at an average price of 23.75. I must say I have never seen anything act as irrational as this stock has, unless there is something going on that we do not know.

I am coming to the reluctant conclusion that there is something going on and that the shoe will drop and we will see the stock, at a minimum, cut in half when this happens.

I have been assured by people who supposedly know that there is nothing going on and all is well, but I am beginning to believe their information is false.

I defy anyone to explain the action of this stock, over the last year or two, in light of the numbers, unless the numbers are being cooked.

I hope I am wrong.

SF
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