Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mike Winn who wrote (5845)	11/9/1997 9:12:00 AM
From: larry audette	Respond to of 42804

Taking a look back at MRVC on a price basis is quite interesting. There has been weakness in the LAN's over the last 30 days.After Black monday we saw a "dead cat bounce",now once again the group is weak. Here is a look at a few companies in the group. The 30 day numbers are: CSCO +13% BAY -13% CS -13% MADGF -21% MRVC -26% The 30 Week numbers are: BAY +93% CSCO +63% MRVC +27% CS -4% MADGF -19% The 30 Month numbers are: MRVC +479% CSCO +262% BAY + 35% CS +7% MADGF -80% Outside of CSCO, all the charts I looked at were following the same pattern.I see MRVC basing out here for some time,but for how long??? In August it spent about 2 weeks below the NASDAQ comp. before it rallied. If we follow that time frame we should see a move in the next week or two but thats just a uneducated guess on my part. I think its important to remember that MRVC will move up and down with the group for the most part. As for the outlook for the company going forward.....The volatility in the stock price is absolutly no reflection on the fundamental strength of the company.IMO.. Lano