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: Dee Jay who wrote (10339)	8/28/1998 4:22:00 AM
From: Edward Leinbach	Read Replies (1) of 42804

JDEC just reported earnings of .16 .2 better than estimates. They are trading at about 36 in after hours trading. AMZN posted earnings of -.33 & are expecting -1.40 1998 & -1.19 1999 they trade at 119. Get the picture. There is some mathematical value to MRVC despite the latest turn of events. Also remember the 4 million shorts will eventually decide to cover. I will wait a few quarters at least . Anyone who sells anywhere below 20 is a fool. I will sit on my shares ( average cost 16 3/4 ) for a few years. I plan to average down again tomorrow. This is my last post here for quite a while . My friends its time to quit reading online crap , & return to straight forward fundamental analysis. Even if MRVC makes only 1.50 in 1999 they should sell for about 30$ a share. The internet is adding extreme volatility to the markets. Low commissions & online propaganda. Stocks are swinging well beyond their intrinsic value , to the upside & to the down side. This is a case of downside extremism. This will be the 1st qrt in 35 straight that MRVC has missed there mark (significantly) . This is a wonderful chance to pick up some shares on the cheap. Provided you have a long time horizon. Let the shorts have their fun for a while , they will be long gone as this stock doubles or triples over the next 3 - 5 years. The company is not cooking the books ect blah blah baloney ... Companies experience setbacks , it is all part of the growth process. Look how ASND was at 20ish & AAPL at 13ish after various miscues. Too bad we can't rewind back into time & pick up a few of those values. I love the smell of fear in the mourning ... it clears the mind & lines da pockets.

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