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


To: Andrew Furst who wrote (6166)12/2/1997 1:22:00 PM
From: SpecialK  Respond to of 42804
 
ARGHHHHHHHHHH!
This stock is so manipulated, I have'nt learned how to well enough yet. Somebody keeps pushing the price down to catch all of those stoploss orders down at 26, then move back up, so you'll have to buy back higher. Is this the retest of 26 that wasn't strong enough last Monday and Tuesday?

Ketan



To: Andrew Furst who wrote (6166)12/2/1997 1:24:00 PM
From: Seth Leyton  Read Replies (1) | Respond to of 42804
 
Andrew, hate to use a cliche...but...don't frown, average down. Who knows what the weakness is from. I would assume tax loss selling and buy for the January effect. Today's profit taking should be expected after a run up like yesterday's. Mrv's weakness should be expected as well. If a stock doesn't go up on strength...it sure as heck will go down on weakness.



To: Andrew Furst who wrote (6166)12/2/1997 8:37:00 PM
From: mph  Read Replies (2) | Respond to of 42804
 
No doubt IMHO that it was the Cabletron news. On top of that Kurlak torpedoed the semi's. Quite a one/two punch for techies. mph