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

To: Sector Investor who wrote (5593)	10/24/1997 10:33:00 PM
From: Dan Ross	Read Replies (1) \| Respond to of 42804

Dumped my 850 shares this morning at 33 7/8 when I saw the market turn...... I have since repurchased 200 at 31 5/8 and another 200 at 31 7/16.....In theory, I took some losses (shares purchased at 34 and change and 36 and change.....)but I made a ton off of the shares purchased at 18 and change..... The IRS doesn't give a damn about the losses since I repurchased within 30 days...... However, I avoided losing more......I didn't want a margin call........I preserved a great deal of my capital and lived to fight another day...... There is still a great deal of upside so I can jump in and grab some points later......I will reestablish my long-position at these levels and will trade the rest of the shares that I purchase later....if it goes up or down, I will purchase more......this company, as always, is undervalued and the price decline is not warranted. Dan Ross

To: Sector Investor who wrote (5593)	10/24/1997 11:33:00 PM
From: Regis McConnell	Read Replies (1) \| Respond to of 42804

Sector, sound like a very good move on you part buying April calls at discounted prices. Have you been following Cramer's comments on ASND? Quite the guy, I like his radical style, anyway, don't know what to expect next wk. other than more herd mentality. Could get ugly or maybe....? If so, look for a significant rebound around the 1st of the year, end of 4th qtr. Could be the doldrums till' end of Dec. if next wk. is bad. I don't trade it cause I am too much of an optimist looking forward. Traditionally the 3rd qtr. has never been MRV's strong one, mostly in line but quite acceptable. I don't see any problem looking out as far as april though, by Jan you will be sitting very well. Regards, Regis