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


To: Grommit who wrote (5798)11/6/1997 10:55:00 AM
From: signist  Read Replies (1) | Respond to of 42804
 
Mrvc chart looks ugggly.
Slow stocastic indicator has broken down showing bearish signals.
On My chart, every time this has happened since april of this year our stock has performed poorly.
Why is this happening??
Possible conclusions; Mrvc earnings announced Oct 27 Dow Crash totally
robbed our stock of all positives from announcements.
Lack of support By Bears and Sterns to really get behind our stock.
Insider selling publicly published and interpeted by uninformed.
Press releases by MRVC (that were/are totally positive) not picked up by major news sources.
Newbridge negative announcement.

The market knows something. News over shadowed by overall nervousness in the market.
Observation: MRVC seems to simply move as the DOW has moved reinforces
"Big Boys" moving back into Large Caps" No need for rocket science here.

Suggestions for stock reversing back to it's April's uptrend. Nuke Hang Seng. Remind the world who's "the backbone" of this industry.

I think I'm going to throw up! Excuse me.

John LoBianco