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

To: SJS who wrote (7913)	3/28/1998 4:02:00 PM
From: Sector Investor	Respond to of 42804

Steve, I'm sure everyone knows where I stand. If you check my profile, you will see that my style is to find good undervalued companies, buy them low and don't chase them up. That's why my initial buy last year was at $19, and even though I've now tripled my position since then, my average is just over $22 - and that includes a "mistake" in buying some at $27 on the fall from $39, thinking we had bottomed then. My position is set for now. I will sell calls on part of the position and only rebuy on dips if I get called away. I like to continually lower my basis instead of raising it. At $44+, I will sell 1/3 or so and find some other gem to repeat the process - unless of course MRVC finds some other gem for me and $44 looks as good then as $23 does now. BTW, I don't think the road show was wasted. You can bet many more eyes will be taking note of this quarter's earnings than ever before.