We'll see. I still don't see markets as close to efficient. There is always a bubble. Look at the casino stocks in the early 90's, especially the Riverboat stocks. Went up, and came down like a skydiver without a parachute.
Intel fell HUGE a couple years ago cause of the Pentium flaw, what a buying opportunity that was.
Markets over the long haul do become efficient, but there is always a short run inefficiency. The fact is MRV insiders sold shares at 35. Perhaps back then, it represented what was a fair price, or overvalued. The fact that they are NOT selling at these levels should also be an indication of something also.
All this is just semantics, but if you feel that markets are completely efficient, then you are a sucker. A true economist who believes in 100% market efficiency could be looking at a $20 bill lying on the side walk and say that it's not possible for it to be there, cause some one would have already grabbed it if it was. Now, whether or not MRV is a $20 lying on the sidewalk or a dung pile, I do not know, but the fact is, your view is a suckers view, and believe me, if you play poker, you'd be extremely easy to bluff out.
Time will tell whether MRV is a $20 bill at these levels. pINK claims dung, longs say $20, I'll be checking my wallet in the next few months to see whether it smells or whether it is fat.
And Cube, you will fold.
Richard
Bo Outlaw is on the line
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