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


To: Richard Birecki who wrote (7493)3/2/1998 6:28:00 PM
From: J. Conley  Read Replies (1) | Respond to of 42804
 
(The one thing I pray is that there is we know the whole story.)

In light of what was stated about this quarter in the cc, I find little concrete reason to think there is some catastrophic, or even negative, news that we do not know. Management of this company is not stupid enough to INVITE a shareholder lawsuit.

Insiders have a considerable personal stake in the share price, and in the success of the company. Are they selling, or filing SEC documents indicating an intent to sell? I haven't seen any.

This is selling on fear. Similarly, a little over two months ago we were facing a "bear market in techs" due to the Asian crisis. Remember that?

jc



To: Richard Birecki who wrote (7493)3/2/1998 7:25:00 PM
From: Eric L.  Read Replies (2) | Respond to of 42804
 
Great to hear.

I got in for another 425 shares this week too. Nothing like a little reinforcement. We'll be going up or down together I suppose. I was cashed out thought. I sold out of a marginally improved position in another stock since it seemed if MRVC improves even a little, I'll come out further ahead than if I rode the other to my target.

later
eric



To: Richard Birecki who wrote (7493)3/2/1998 9:14:00 PM
From: RXGOLF  Respond to of 42804
 
IMO richard, if we indeed have the whole story, this is a slam dunk at present levels. I don't have much TA experience, but after one of the threadsters was kind enough to share his knowledge today, I may go back for seconds tomorrow at these prices.

Long and looks like longer tomorrow,
RXGOLF