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

To: Richard Birecki who wrote (6214)	12/4/1997 12:07:00 AM
From: Mike Winn	Read Replies (1) \| Respond to of 42804

Well expect another drop in the network sector when 3COM actually reports earnings on December 18th. It has only warned so far. Funny that Robert Stephens upgrades 3Com today while others downgrade it. Both 3Com and ASND are now hit with class action suit. On the other side of the coin, since the bad news is already known, sometimes the stock market reacts positively when the bad earnings is announced. You never know. My take is to buy some now but leave some dry cash to average down if the stock drops further. Looking at the chart, my prediction is COMS will go briefly under 30 to the high 20s. I think today rally will be short live. Cisco will go down slowly in the next couple of days, pulling down the whole sector with it. Both Cisco and 3Com will be hit by the Asian economy. Disclaimer: I am an amateur at predicting short term price movement. Take my words as is or as a contrarian indicator.

To: Richard Birecki who wrote (6214)	12/4/1997 12:32:00 AM
From: Mike Winn	Respond to of 42804

Cabletron's earnings will be on Dec 22nd. 3COM's earnings will be on Dec 18th. Expect a merry Christmas this year.

To: Richard Birecki who wrote (6214)	12/4/1997 8:33:00 AM
From: Sector Investor	Read Replies (1) \| Respond to of 42804

<<I agree with Sector's post about 20 msgs ago that you have to go against the crowd, it's just that sometime the crowd figures that out and that's when I get confused and sit on the sidelines. No one has repoprted bad news to me about MRV but no real news to speak of.>> Richard many people do just that - sit on the sidelines. No price is ever low enough - because it MIGHT go lower and they COULD have paid less. They are so afraid of this that they do - NOTHING. Later, when the market turns bullish on a stock, and the price has gone up 50% or more, they jump in. That first 50%+ is the easiest and fastest money you will ever make. If you can do that consistently, you will do well indeed. For example, when I bought BAY at $16, it actually dropped to $15 AFTER I bought it - so what? It then sat at the $15-$17 level for over a month - so what?. When the market turned, it went past $24 (my 50%) like a shot. The move from $24 to $36 (where I sold) took 2 months longer. The stock actually hit $40, before dropping, so I missed the peak - but who cares? I moved that money to PAIR at $16, and so on. If you like the stock (after having researched it in depth) and it is "on sale", why worry about additional small downside risk - you aren't selling anyway, right?