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

To: Paul Senior who wrote (23186)	8/18/2000 5:42:00 PM
From: Sector Investor	Respond to of 42804

<<And in doing that, having detailed intimate knowledge of MRVC based on research, is not necessary. That's imo. >> Hey, we agree! <g> I sold today because 1) We rose 10 points (16%) in one week, an options week. 2) I would expect some retracement from that big a short term move, even if only a day or two, maybe even only hours. 3) Fed watch early next week. Simple as that. I only sold 1K. I'm hoping to get 2-4 points here. If I do, hey that's ONE-TWO YEARS of contributions, right? And in only 1-2 days. I would take that. And if I don't, well, I'll hold the cash for a bit to see what looks best. There is always another move to make. <<I assume that if the buy side trade goes against me, oh well, the stock IS undervalued and will come back. And if it rises much after I sell, oh well, I wanted to trim the position plus maybe it'll come back down for another buying opportunity. >> EXACTLY - and that's where the in-depth DD on MRVC comes in, to have the confidence to buy while the price is falling. <g> I made 7 buys on the way down this cycle (3 in low-mid $50s). At one point (those gaps down) I was in the red on ALL OF THEM. Now, I am in the black on six of them, and almost in the black on the seventh. And I WILL be selling a bit into the next rally - no matter how good things look.

To: Paul Senior who wrote (23186)	8/18/2000 6:53:58 PM
From: J. Conley	Read Replies (1) \| Respond to of 42804

OT: Paul, You have all hashed this out, and I admit I have not read all the posts, but aren't we simply agreeing that many different disciplines can converge in one portfolio? For example, it is exceedingly difficult to categorize in one cliche what in hell it is exactly that I am doing. Consider this: (well, you mentioned T, and I know you're aware of LDP) I recently bought T (again). Why? Well, the weekly MACD histogram looks like it has bottomed and is turning up. I like this indicator. In addition, the stock is out of favor on the Street, and I do not expect it to be out of favor permanently. IMO, when broadband has more visibility the stock will be looked at more favorably and the stock price will appreciate. I admittedly know little about the company's fundamentals. This company is so widely followed that I can't possibly actually know more than what most of the Street knows. The chart and slew of negativity are enough for me. Intermediate terms sentiment and technical play. A la CIEN, a company I knew little about when I first bought it. I own LDP. I bought this one back in January for one reason, fundamentals. I know a lot about this company. I read the research reports, the SEC filings, talk to the analyst, contact IR, etc. In this one, knowledge of the company is why I'm long. This is a small cap virtually undiscovered company, and here I can possibly be in front of other analysts. I can look and know, where few are looking and knowing, and I can know more than the majority of the Street knows. Also, I am less worried about such knowledge being in vain for I don't have to weigh what the competition is, what the margins might be, who has the best patents, product cycles, accounts receivable, et cetera. In other words, I do not care and don't have to worry about tweedle dee and tweedle dum. Perhaps, in some few cases research can indeed help you find what a gem company might generally look for when they are searching for new mines, and you can buy some buckets before the gem companies do. Are disciplines intersecting? Do I think there is value in T on a fundamental basis? Yes, but I am not buying it purely on that basis. Do I like LDP's chart? Well, year to date the stock has performed very well indeed. Does this eclectic type of investing work for me? Well, yes. Does it work for others? Apparently so. Is this art? Alright, go ahead, tell me to jump in the lake.