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

To: Saul Feinberg Jr. who wrote (9687)	7/29/1998 10:09:00 AM
From: Saul Feinberg Jr.	Read Replies (2) \| Respond to of 42804

Chris, The inability of accounting to value technology, and the unknowns associated with high-tech investing is precisely what make accountants and buffett avoid technology stocks. A technology patent like the fax technology would be worth X in accounting statements but after the commercialization of it, is worth more than 10 times X. There is no way accounting statements can show that. I am not saying you shouldn't use accounting statements. I am saying it won't be sufficient in evaluating a high-tech company. If you don't know how the cables are wired to provide cable tv service, internet access to your family's home, there is no way you can be excited about the technologies that companies like MRV, Cisco and many others are bringing to your kids' future. Whenever you see "Contacting host www.techstocks.com ..." and never get a reply back, remember: MRV is one of those companies fixing that problem! Go back to your TAVA, CFWY, AGX. By the way, short interest has climbed to 4+ million shares in MRVC as July 15. Realize this is the peak short interest in a long time. Before you get squeezed out, you should cover your position NOW! Just compare your size vis-a-vis H.D. Brous, Fesbach Bros, and other hedge funds and you'll realize how modest you are, and you really have a losing position. For a company with float of less than 20 million, it doesn't take much of short covering to bring the stock up. And considering your size, the brokers will be catering to H.D. Brous, Fesbach brothers, before you. By the time you cover, you'll be buying back at a few points above these guys. Cover now!