<<But who can stop them from speaking out their minds, when they are hurt here?>>
And why would anyone want to? They paid their SI fee and have been hurt by this stock price drop, so they are entitled to say any da*n
thing they please within SI guidelines.
I also was hurt by the drop, having acquired several thousand shares between $17-$22.5. Bitter? Yes, of course - but I don't let it cloud my judgement going forward.
You can divide MRVC history into two periods:
1) Pre 08/27/1998 warning
2) Post warning
(Actually for long termers like DeeJay and Dana, you could split also into Pre-Cabot and Post Cabot too, but that is ancient history.)
Pre-warning
MRVC had 34 straight quarters (8 1/2 years) of consecutive earnings growth. They had evolved from a pure Optical components company to a Ethernet Network switch vendor.
No one on this thread or on SI generally to my knowledge correctly predicted how much of a commodity item low end switching would become.
Oh, there were signs, but there were prospects too.
Post-warning
OK a lot of people got hurt, including me. There are many negative feelings both here and especially in the market place. Some of those with power appear vindictive enough to keep the stock down, for now.
Still, one has to exclude emotion from investment decisions. My pre-warning MRVC puchases were based on different criteria, and have turned out bad, so far. For those shares in taxable accounts, I took my losses and waited to reenter. Most however were/are in an R/O IRA.
MRVC at $6-$8, evolving into a full function networker, with the Optical Networking, MetroFusion and Aranea prospects is a COMPLETELY SEPARATE INVESTMENT DECISION. It is very hard to be clinically objective though. |
