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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: Greg h2o who wrote (11189)11/5/1998 10:42:00 AM
From: Bruce L  Read Replies (1) of 42804
 
Greg: You turned out to be right. 8 1/8 seems to be short term resistance.

I have a feeling that today could be important. At the close yesterday I saw what could be stealth accumulation. As I noted earlier, the last two trades were 5500 and 15,000 shares respectively at 8: the ask. Today, volume is moderate with no big trades, but the bigger trades ( 2000-4000) have mostly been at the ask. Time will tell. I'm going to watch the close today especially closely. If we close above 8 1/8, I think we are ST heading for 9 1/2.

I did act on this hunch and bought another 1K this am at 7 13/16.

bruce
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