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

To: Greg h2o who wrote (38307)	2/28/2002 3:55:19 PM
From: Robert G. Harrell	Read Replies (1) \| Respond to of 42804

Greg, here's Chet's analysis. It's pretty reasonable until you get to the bottom and see his P/S assumption of 8 although I think it was recently above 12. Unreasonably high multiple assumptions is where Chet miss led a lot of us sheep who didn't look close enough at his numbers. Message 17128187 Having said that, I must confess that I started buying RSTN and UTSI exactly because of your observation. They were being respected by the street and trending up while MRVC was still trending down. As it turned out, I bought them as they were forming the right shoulder of a head and shoulders and thus saw a nice gain which then disappeared. I got out of one with a slight gain and the other with a slight loss. The good news is that my study of basic technical analysis helped me to resist buying them back too soon because I learned the measuring formula for a head and shoulders formation. I actually started buying back RSTN at 7.05 because that looked like resistance. I finished my position today in the 4's. I bought more MRVC today at 2.53 (again). It is around the bottom of what the head and shoulders it formed between mid Oct. and late Jan. would predict. I know you don't believe in tech. analysis but I've become a believer. I highly recommend Edwards and Magee's Technical Analysis of Stock Trends. It is real old school chart reading not the modern computer generated metrics.(Which I suspect are just mathematical representations of old fashioned chart reading.) I'm a very visual person and can easily see chart patterns. I just didn't know which ones were significant and what their implications were. Now I'm learning. More flying this weekend and thus more reading time. Bob