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


To: Louis Cornell who wrote (6314)12/9/1997 11:31:00 PM
From: Mike Winn  Read Replies (1) | Respond to of 42804
 
I just take a look at the international markets on Yahoo and most of the Asian markets are down tonight. The investors in Asia must have looked at our market and said "the U.S. market is down, so their economy must be not doing well, which means they are not going to buy our goods, which means our companies earnings will be down, so I sell the stock." Tomorrow, we'll look at their market and say the same thing "the Asian market is down, blah blah blah." And so the bears in both markets are feeding each others.