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


To: candleLight who wrote (20008)4/3/2000 11:38:00 PM
From: Dana Adams  Respond to of 42804
 
Look at the table below and you will see how 100 and 200 share trades caused the price to move by 50 cents. There is nothing that has changed for the price to have dropped by 100+ points. Today's price decline was pretty much a mirror image of the past 10 trading days. Retail trades totaled 47%, institutional 40%. I will be working on short interest this week and will see what kind of impact that has had on this stock.

MRVC table of last 10 trades today:

18:27:06 74.500 500 Nasdaq-NM at Ask
18:18:49 73.000 100 Nasdaq-NM
18:18:14 73.000 100 Nasdaq-NM at Bid
18:05:19 72.500 200 Nasdaq-NM at Bid
17:59:22 72.500 100 Nasdaq-NM at Ask
17:51:27 72.500 200 Nasdaq-NM at Ask
17:50:48 72.500 200 Nasdaq-NM at Ask
17:48:52 72.500 200 Nasdaq-NM at Ask
17:47:03 72.000 100 Nasdaq-NM at Ask
17:47:03 72.000 100 Nasdaq-NM -

Weak hands setting stop order limits are being plucked to death. MM's are having a field day. The strong and able will endure this "mother of all beatings" and come out on top in the weeks and months ahead. I couldn't pass up the opportunity to buy this darling below 80 again, hence I am now a bit heavier with my investment in MRVC.

MRV's latest PR release gives detail on their advancement with OC-192 and GE transmission. I for one like it and think with proper speed to market can be a big revenue winner. I will need time to digest the specs before giving my complete analysis on this latest announcement.

This past month brought me great joy with my holdings in A and MRVC. April should be good for A, MRVC, LU and SIFY.

I am long until proven wrong with this brightest star of networking!

Respectfully,

Dana Adams