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Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?


To: jjrocket who wrote (15719)9/14/1999 2:14:00 PM
From: Bruce L  Read Replies (1) | Respond to of 42804
 
<<Anyone care to hazard a guess as to closing price?>>

Since the early morning drop to about 23, MRVC's price has been firm. In even a flat market, I think we could have ended unchanged at 24 7/8.

BUT I don't like this market at all. The divergence between the DOW and NAZDAQ is IMO likely to be resolved sharply on the downside late today ahead of the PPI figures tomorrow.. Just my guess. I think we'll close at 23 7/16.

That said, I couldn't resist buying back some of my own trading shares at 23 3/16 and 23 9/15. We'll soon see.



To: jjrocket who wrote (15719)9/14/1999 3:08:00 PM
From: Dee Jay  Read Replies (1) | Respond to of 42804
 
Closing price? I think we'll recover some so that the close will be off less than one point, say down 7/8 for a close at 23 15/16...and tomorrow a rise if PPI doesn't mess up everything.

Dee Jay