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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: signist who wrote (10418)8/29/1998 6:04:00 PM
From: PaperChase  Read Replies (1) of 42804
 
>>You are aware that Your Mom and I have significantly invested in this company and worst we probably will have our margined (borrowed money) called (demanded to be paid immediately. While at this time, this situation will create a hardship on us, we will be ok...I think. <<

This is appalling.

Mistakes:

1. This investor evidently doesn't follow the networking industry and invests blindly using a buy and hold approach.
2. This investor was MARGINED into a volatile tech stock!
3. This investor did not buy puts to insure his "significant" MRVC holdings while the overall stock market was gyrating.
4. This investor evidently didn't have a diversified portfolio to insulate himself from company/industry specific events.

Geesh! If this "investor" even bothered to tune into CNBS they would have learned at least something about investing. How could they ever have thought they were going to be successful???

I know nothing about performing a coronary bypass procedure so you don't see me in an operating room trying to do one.
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