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

To: Dee Jay who wrote (7448)3/1/1998 7:43:00 PM
From: Eric L.  Respond to of 42804
 
Perhaps a little comfort:

smartmoney.com

For those of you who can't access, the highlight follows....does this sound like a stock we know:

That phenomenon, known as
post-earnings-announcement drift, is the
basis for this month's screen. It's one of
the oldest of the behavioral anomalies and
one of the few that even Fama admits he
can't poke holes in. In the late '60s
researchers discovered that when quarterly
earnings exceed expectations, particularly
with low-profile companies, the market
generally underreacts

Okay, so MRVC did more than underreact, but still, I'm just looking for a little comfort and the article was interesting....

later,
eric



To: Dee Jay who wrote (7448)3/1/1998 8:43:00 PM
From: Pigboy  Read Replies (1) | Respond to of 42804
 
You're thinking too much Dee Jay,

I was just trying to be funny, that's all. :-)

pigboy


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