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

To: WebDrone who wrote (8788)	5/22/1998 8:37:00 PM
From: GS_Wall Street	Read Replies (1) \| Respond to of 42804

Asend and Cisco have been holding up pretty well into this selloff. I like anyone who is shorting this stock the last couple of days, because next week when we get a tech rally going on. The shorts will only provide more buy pressure, moving this stock to higher levels. I watch this stock with Level II quotes and it appears that there are no clear MM supporting or selling this stock, without buy pressure stocks typically drift down. MRVC needs to gain support through the retail channel i.e stock brokers pushing this stock to retail customers as well as institutional support. With just a little buying pressure the MM will let this stock run 4-5 points in a couple of days. A company buyback program would go over really well just about now. Now that would create shareholder value. And devolop some new IB relationships.