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

To: Sector Investor who wrote (8235)	4/17/1998 9:48:00 PM
From: michael modeme	Respond to of 42804

I'm holding July 30 calls -- bought at an average of $1.125 last week. Trading at $2 now -- I'm pretty happy about that. I'm considering buying some Oct 25's. With such small number of outstanding, it's hard to get my order filled sometimes. I have some shares also purchased in the low 20's. I wish someone sold Leaps on MRVC -- I'd buy them up like crazy. At 91% or 40%, we'll do just fine. Cheers

To: Sector Investor who wrote (8235)	4/17/1998 9:56:00 PM
From: michael modeme	Read Replies (1) \| Respond to of 42804

Sector, are the Oct 22.5's still trading for around $7 -- that sounds pretty cheap. I may join you in some of those. A great deal of MRVC calls seem undervalued. Under the most famous mathematical model for option pricing, the option value is determined solely by the volatility in the stock, not the mean change in the stock! -- amazing result. And given the volatility parameter for MRVC, the options look undervalued. Cheers