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

To: WebDrone who wrote (19925)3/31/2000 2:52:00 PM
From: cmg  Read Replies (3) | Respond to of 42804
 
why should anyone bottom pick when mrvc keeps dropping averaging down must be killing some folks here. My point is mrvc needs to announce something substantial like a real multi million dollar contract or something similiar. Next week it could be lower but its now corrected over 50% off its high of 194 and the whole group has gotten bushwacked and WAS due for a correction. The pain for some must be horrendous and I'm sorry for that but for some waiting til the whole sector changes will be very profitable. I still see no signs of mutual funds buying again and until that happens...............you'd think we'd be close to the corrective bottom but the NAZ may have more to go. Hang in their longs...cmg



To: WebDrone who wrote (19925)3/31/2000 2:55:00 PM
From: Greg h2o  Respond to of 42804
 
<<Still a lot of fear in the market, but a lot of cash on the sidelines, too.>>
would think some of that cash evaporated with margin calls. but, cash inflows are traditionally pretty strong for the next couple of weeks.


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