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: signist who wrote (11753)	1/26/1999 2:32:00 PM
From: Bruce L	Read Replies (1) of 42804

<Do you think it will be hard to break 9.5?> In a word: No! 9 1/2 was the high water mark several months ago, but we reached that level on a single day only. On the way down from 14 back in August '98 we blew through 9 in minutes. Still, it is resistance and traders remember how far back it fell from there afterwards, so they will be somewhat hesitant to bid beyond in the short term. My guess is that we will consolidate at this level for awhile and then move higher. The caveat is that you and I know how far undervalued MRVC is even at 9 1/2 and if others start to reach that same conclusion we could shoot up much further, much faster. OT: Isn't it great, MRVC longs, to see our patience and our suffering finally rewarded?!!!!!

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