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


To: jjrocket who wrote (15933)9/24/1999 11:49:00 AM
From: Bridge Player  Respond to of 42804
 
<< Would someone please let me know when we reach the bottom? That would make my market timing much easier. TIA. <VBG of course> >>

Atlanta, I don't have a damn clue where the bottom is.

But I did buy 10 November 20 calls this morning with the stock at 18 3/4.

Of course as expected it is lower now.

BP



To: jjrocket who wrote (15933)9/24/1999 12:55:00 PM
From: Bruce L  Respond to of 42804
 
<<Would someone please let me know when we reach bottom.>>

ADT: I am making purchases by stages: at 18 5/8, 18 7/16, and now have a bid in for 18 5/16. I suggest you too phase in.

I say this even though I expect the general market to go lower - maybe substantially lower. The large blocks are now all positive again (so far as I've seen) and MRVC bounces everytime the market generally perks up. In other words, guessing the bottom is very,very difficult and when it moves up, it is likely to be very rapid.

Bruce