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: Sector Investor who wrote (10980)	10/27/1998 4:23:00 PM
From: Bruce L	Read Replies (1) of 42804

<Wouldn't this kind of volume drop us much further if it was all selling frenzy?> It dropped us awfully far and awfully fast - 7 3/8 at the low. But to answer your question - as best I can - yes, it would have fallen much farther IF it had all been selling frenzy of sellers desperate to get out based on semi-specific leaks. Actually, it bounced quickly from this low and based on its close at 7 7/8, I would say we have good support at 7 5/8. All in all, I would now quess that this was just normal retracement after a nice upward move; day traders and such jumping off with the end of the upward momentum. ( We've seen some evidence of them on this thread; investors who will sell when the stock drops 1/8th.)<If I wasn't so darned attached to this stock, I'd do it myself!> SO, the Gods of the Market willing, MRVC can now resume its advance.

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