Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: delmarbill who wrote (23708)	9/11/2000 4:02:06 PM
From: John Curtis	Read Replies (1) \| Respond to of 42804

Well one things for sure....sumbody sure has been moving money out of these equities in a hurry. And of course this feeds on itself. Folks see their gain evaporating so....... A vicious circle then ensues, which is what looks to be unfolding not only in some parts of the NAZ in general, but MRVC in particular right now. And today the selling accelerated to a level not seen since mid-late July. So maybe MRVC's now fumbling around, feeling for a bottom via capitulation? But who can say for sure, particularly as this is triple witching week. I know I was wrong with my nibble, but I'll hold it for now. Let's see if tomorrow brings day six of the decline and another 3 to 5 points down. $55 is the next soft support. $50 is the one after that, and it's equally as soft a support level, imho, given it "blew" through these levels relatively quickly on the upside. Now let's see how it plays out. John~