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: Cube who wrote (10523)	8/31/1998 11:33:00 AM
From: Greg h2o	Read Replies (3) of 42804

<Never EVER average down.> Just because this is one of The Motley Fools rules of investing does not make it correct. Sure, there are many examples of losers, but I'd be willing to wage a bet there's as many examples of winners in this instance. Oh, by the way, I agree it's not wise to hang on to your dogs just because you don't want to take a loss. But, that's clearly different. In other words, do as much homework as possible and don't average down ONLY because you have a loss. I'll be the first to say I've been hammered in MRVC-- from a $26 entry. I haven't purchased more, yet. However, I think it's wise to see if this is a good use of the next investment dollar. I think it is very unwise to say "NEVER" to an investment if it meets your investment criteria. There are many reasons why this stock has taken a beating, but since I'm not a technician, I'd rather look at whether or not it is a fundamentally sound decision to buy more at this level. I feel I should look at this stock objectively, as if I had never owned it.... Don't you think those that haven't actually owned it might have a differing opinion than yours? I have yet to make form my own conclusion on whether or not I will buy more.... regards, greg

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