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

To: Bridge Player who wrote (16437)10/24/1999 9:31:00 AM
From: whitephosphorus  Read Replies (1) | Respond to of 42804
 
BP- I agree with you 'fresh start' MRVC valuation.That's why they so badly need a front line IB to package the VC parts and highlight the value, not to mention give some credbility where, based on analyst coverage, there is as yet none.



To: Bridge Player who wrote (16437)10/24/1999 7:54:00 PM
From: Bridge Player  Read Replies (2) | Respond to of 42804
 
I know relatively little about technical analysis.

But the daily chart on MRVC seems to be tracing out a symmetrical triangle, bounded by:

Highs: 9/10 at 26.25, 10/1 at 25.25, and 10/22 at 23.75
and
Lows: 9/2 at 16.56, 9/24 at 18.31, and 10/18 at 20.13

Is it true that this pattern is more likely to lead to a continuation (of the uptrend) than a reversal?

Any TA followers of this board care to comment?

BP


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