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

To: Greg h2o who wrote (39447)	7/1/2002 4:28:45 PM
From: Robert G. Harrell	Read Replies (1) \| Respond to of 42804

Three block trades totaling 398,200 shares. Closing at the high for the day. Does someone know something or was that just you buying more for your clients?<g> Bob

To: Greg h2o who wrote (39447)	7/1/2002 4:36:12 PM
From: Bridge Player	Respond to of 42804

<<The strategist also noted that cash has now outperformed the S&P 500 for the last 55 months.>> Well now, lets look at that statement in a little more detail. There are (at least) two possible ways to measure that, or to intrepret that statement. 1. 55 months ago, take 2 accounts. Put one all in cash, and earn money market rates, ranging from 5%+ to 1%+ during that period. Put the other account in the S&P 500 and leave it there. Now, today, the first account is worth more than the second. 2. At the end of each month for every one of the last 55 months, an account in cash at the beginning of the month and kept there would have been worth more than an account in the S&P 500 at the beginning of the month and kept there. Which one pops into your mind first when you read that statement? In my case, it was the second one, an obviously erroneous statement. I think that is a careless, bs statement from a "strategist", one simply calculated to prey on fear. Had he said, "for the prior 55-month period", I would have no quarrel. And I don't think the difference is trivial.