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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: rascalbythesea who wrote (11524)12/24/1998 1:27:00 PM
From: Dennis R. Duke  Read Replies (1) of 42804
 
Bug, while I don't really want to see it, since I bought in at $6 5/8ths, as I recall, it will not surprise me at all if this stock tests its low within the next week. Tax selling will not be nice to this one in my opinion. But if other things work out, it is just an opportunity to load the wagon.

Sector Investor, as usual, has done a lot of research and written many good posts on why this should bounce off its bottom that might be established in tax selling.

For me I'll add to my position, if cash is available. But then I am known for "running with scissors and being fully margined" so other plays have to work out first, during what I perceive will be a very short window of opportunity to buy more of MRVC.

IMHO only,
Happy Holidays to all,
And best of luck to us all in 1999 (it should be the recovery year of MRVC)!!!
(-8 Dennis 8-)
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