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


To: Bridge Player who wrote (26234)10/26/2000 10:58:28 AM
From: Madharry  Read Replies (1) | Respond to of 42804
 
I had an opportunity to participate in the ipo of ENWV. I reviewed the prospectus and it was fraught with uncertainty and lack of visibility with respect to a profitability time frame. I purchased some on the "greater fool theory" but there was a rush for exits almost immediately when it seemed clear that the only fools were those who had participated in the IPO. Frankly at the time I made the commitment I thought because of the uncertainty the price would be reduced to $8 and surprised that it wasn't.