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

To: kvkkc1 who wrote (23230)	8/20/2000 8:40:03 PM
From: Sector Investor	Read Replies (1) \| Respond to of 42804

<<MRVC on the other hand needs to go up 10 points for me to add the additional 100% of my initial investment after owning it for 5 years.>> Do you mind if I ask you a question? I'm trying to understand how this could be. If you owned MRVC for 5 years, you bought in 1995. On August 15th 1995, MRVC was at $22. However it went through 3 splits, a 3/2 on 4/3/96, a 2/1 on 8/1/96 and another 2/1 this past May. So, if you originally had, say 1000 shares at $22 then (or $22,000), if you had simply held you would now have 6K shares at $70 ($420,000). Your investment would have gone up 19 times since then. Each 4 point rise on MRVC should be giving you another 100% return on your original investment. The only thing I can figure out is perhaps you really bought at the 05/1996 absolute peak of $74 (on the Cabot letter hype). Then you would have missed the 3/2 split and have only 4,000 split adjusted shares today. Even then a $74,000 investment would be worth $280,000 today. What am I missing?