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

To: ioioioi who wrote (8506)4/30/1998 5:07:00 PM
From: Richard Pich  Respond to of 42804
 
ioioioio(good name selection)

Fundamentals have not mattered with this stock for a long time. It's reputation was tarnished by Cabot has not recovered. Keep watching the stock till it drops to the $22 level and its selling volume is diminishing. Accumulate to the $28-29 level then dump it all. Some people may argue that this is not a prudent investing method but if you look at the resistance of this stock at $30, it has been effective.
... in the meantime, hang onto your Cisco holdings. MRV's fundamentals are enticing but I don't waste my time arguing with the market. I'd rather get a return for the risk that I'm taking.

Regards
RP



To: ioioioi who wrote (8506)4/30/1998 11:03:00 PM
From: GS_Wall Street  Read Replies (2) | Respond to of 42804
 
MRVC has formed a trianlge with a base at 26.5. Bases are made on time not price. I believe this new base has been completed at 26.5 and we should move up from here. Hopefully tommorrow. Next stop 29.5 to $30.

I like MRVC now since I see very little downside risk. Thats the name of the game controlling your risks.



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