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


To: nasdaqian who wrote (17953)1/5/2000 2:10:00 PM
From: Sector Investor  Read Replies (1) | Respond to of 42804
 
<<Now, am I just being paranoid or did some MM go chase down my measly 200 shares?>>

Nope and Yup.

One of the surest ways to lose money is to buy in a down market and set a stop. Either wait or ride it out.

If you did your DD and like the stock then a short term dip means nothing to a long term investor (unless you want to buy more). And if you are a trader, you wouldn't have stops that low anyway.



To: nasdaqian who wrote (17953)1/5/2000 2:19:00 PM
From: James Calladine  Respond to of 42804
 
PRICE ACTION:

Bruce, I am no expert in these matters, but if you follow
the price action in this stock, you will see that it is
characterized by big moves DOWN and up.

Prior to any up move, pretty much anything within quite a wide range under the current price is taken out, stops included. Whether this is the normal action of the market maker or diabolical contrivance is your call.

I mistrust this action so much that I do not use stops at
all. Of course sometimes this works very much against me also.

Best wishes,
Jim



To: nasdaqian who wrote (17953)1/5/2000 2:20:00 PM
From: Greg h2o  Respond to of 42804
 
stop loss orders on volatile stocks almost always get taken out...



To: nasdaqian who wrote (17953)1/5/2000 2:25:00 PM
From: Bridge Player  Read Replies (1) | Respond to of 42804
 
Bruce, IMO you are not being paranoid.

Although there were clearly a lot more sellers that helped drive it down there.

BP