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

To: SJS who wrote (8694)	5/14/1998 11:22:00 AM
From: Michael H. Dragon	Read Replies (1) \| Respond to of 42804

You can always vote against it.

To: SJS who wrote (8694)	5/14/1998 11:58:00 AM
From: Seth Leyton	Read Replies (1) \| Respond to of 42804

True, true. Last month I lost about 1/3 of my position getting called out at $25. Now that didn't look so smart when the stock was at $29 but how long did it last up there. Right Now I'm even on that sell and it's an entire expiration later. I'm short May 25 puts and looks like I'll cover those for around 1/8 today. Which is where i'll make my money this month. Wow...I'd made money synthetically long MRVC? What a change. Why cover at 1/8 the day prior to expiration? What if something stupid happens and the stock is at $23 tomorrow. Now there are not a bunch of good calls to write at this moment but i'll short the $25's again in June and write 30s when I can. I do not think the stock is going to break out of this range in the short term. Why? Pru conference went well but not Stellar...earnings expected next quarter will be good but will only be hitting expectations most likely and these guys simply need a new investment banker. VOLPE ON THE OFFER ALL FRICKIN' MORNING!!!! What a surprise.