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


To: WebDrone who wrote (20361)4/17/2000 8:51:00 AM
From: telecosm  Read Replies (1) | Respond to of 42804
 
MRVC has so many bright prospects going on simultaneously. Just reading this past month's announcements got me excited. If Nasdaq had not decline 34%, I bet MRVC, SCMR, JDSU, EXTR, RBAK, JNPR would not be at their respective present levels.

I am convinced when the market recovers, MRVC will recover more than the peer group.

From 3/10 intraday high of 5,132 to 4/14 intraday low of 3,265, Nasdaq declined 36.36%. On a closing to closing basis, the decline was 34.21%. This is the biggest decline since the crash of 1987 (35.88% closing level). In 1996, the decline was 33.08%, and recovered to new high's within 2 months.