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: WBendus who wrote (2513)	3/15/1997 9:13:00 PM
From: Trader X	of 42804

WBendus, re support at 20. You're right, we need to pop up over 22-1/2 first. That's the area of greatest resistence now. The one thing that worries me most is the very high institutional ownership of this stock. If they decide to dump, the downslide could be obnoxious. In fact, they could be pressuring prices down in order to buy more at lower levels. I think a move over 22-1/2 would cause short covering to boost MRVC very quickly. --kevin

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