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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 (12905)4/26/1999 12:04:00 PM
From: Bruce L  Read Replies (2) of 42804
 
John:

First, I'm a little discouraged by the general tone of trading so far this morning. Only a few large trades (9000-12,0000) and all have been at the bid -or between the spread. Trying to give it a positive interpretation, I could only say that most traders are clueless about MRVC earnings this afternoon - and the CC - and are waiting like we are to decide which way to jump.

Having said that, yeah, it is somewhat positive that LHFC has been on the bid all morning (and still is). They do have an analyst that covers MRVC and they wouldn't be buying if they even suspected something bad. But then again, I haven't seen them aggressively buying; they drop their bid like everyone else when they see selling coming through.

Good luck to all of us.

Bruce
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