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

To: mph who wrote (8529)	5/1/1998 11:01:00 PM
From: signist	Respond to of 42804

Seth, Your positive insight on things gives me and I'm sure others a good focused account of some subtle and some not so subtle positive changes that do indicate management is indeed serious about shareholder's concerns. Thank you for sharing with us your take on things and management's feelings RE: Volpe and BEST. Good Luck, John

To: mph who wrote (8529)	5/4/1998 9:43:00 AM
From: Seth Leyton	Read Replies (1) \| Respond to of 42804

Not really. I think the stock will retrace the highs of last year, certainly. But realistically there will be a lot of psychological resistance at $40. With most estimates putting the high for '98 at around 42-45. I would prefer to see a nice slow incremental move up verses a gap up. Gaps are normally filled in which means a drop back down and I don't think any of us want to see that. I still go long by shorting the puts and I still sell calls on up movements. Why? Cause I don't think the volatility is over but I am not writing a lot of calls right now. The stock is holding nicely through, what I think, is short term technical weakness. If the valuation holds then we'll see that upside move into the thirties that many of us have been waiting over six months for. This is no longer a pure play on gig ethernet. This is a great play on Internet growth, Gig ethernet and fiberoptics. Good luck. Seth