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

To: signist who wrote (6189)	12/3/1997 3:45:00 AM
From: Mike Winn	Read Replies (1) \| Respond to of 42804

Hi John, I don't have a particular strategy and I simply play by ears along with the market. For instance, today I may think MRVC is a good buy below 24 but let say tomorrow, if COMS, CSCO, CS crash big time then I may have to reconsider the entry price for MRVC. I also have a long list of stocks to buy, and depending on which stock gets whacked the most percentage wise, I will get into that stock. For instance during the Hong Kong debacle, SMOD dropped to 35 from 55 in one day and jumped back to 50 the next day. That's a big gain in one day. MRVC dropped from 28 to 22 that day, I think, so it's less attractive. Then everytime you hear very bad news such as Hang Seng, Japan, COMS, Intel, etc. you should immediately sell off all your tech stocks and don't wait for the crowd to react first; then you could buy back later. I got out 100% in cash when the Japan bomb got dropped, luckily it happened on Saturday and the Nikkei market was closed on the following Monday, so I had time to bail out on Monday right when the market opened, and then sure enough the U.S. stock market crashed the following Tuesday. I have bought back some stocks but I am still mostly in cash. Like Sector has said, you buy when people are most pessimistic, and then you sell when people are most optimistic. But you definitely sell on very bad news if you have enough time. Don't sell if it's already too late because you may get out at the bottom of the market. I am not an expert in this day trading business, so I can only give you my general advice. For each individual stock such as MRVC, your guess is as good as mine. Just one thing I am pretty sure, you can't loose money buying good stocks such as MRVC at almost the price of last year. Oh by the way, as guideline for entry price, I look at the low price of stocks on the day of the Hang Seng crash and jot down the prices on a piece of paper. Then tomorrow and the next few days, or next few weeks, I will be looking like a hawk at stocks to buy after a crash. Don't overlook hot stocks with no earnings or high PE such as YHOO, AOL, AMZN, RMBS, CIEN, etc., because you will be surprised to know how much they will drop and how quick they can recover to the old price. Sometime, it's more "bang for the buck" than buying stocks with solid earnings because they don't drop much (although it's safer). Well John, post here or e-mail me if you want to hear more of my two cents. I also like to hear the "result" from you. Good luck to you. Mike.

To: signist who wrote (6189)	12/3/1997 4:33:00 AM
From: Mike Winn	Respond to of 42804

Hi John, I am not sure if the network sector will crash tomorrow. Read this: exchange2000.com. The analysts are still upbeat about 3COM. Then earlier today, Alan Greenspan made an optimistic speech in NY City saying that the problems in Asia will be over, it will be good for the future, blah blah blah ... Just watch the big boys tomorrow and play by ears to decide your course of action. Good luck, Mike.