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

To: J. Conley who wrote (9833)	8/2/1998 11:34:00 PM
From: Phil Rosten	Read Replies (1) \| Respond to of 42804

<< Mr. Pink likely has the means to weather such an event .... >> Especially since he hasn't taken a full position yet. .... ROFL

To: J. Conley who wrote (9833)	8/3/1998 12:22:00 AM
From: J. Conley	Respond to of 42804

Also...just came across this anecdote via TraderNick on AOL's Decision Point. Hope Nick does not mind me taking the liberty of posting it here: >>>>>Also, being somewhat conservative by nature, I prefer to short the market itself, via the SPY, when I think it's going down, rather than individual stocks. One can make money on the short side, yes, but I literally do not know a single wealthy short side specialist. I had one friend, in fact, who started off quite wealthy and short selling busted him. It was during the 1990 market. He was heavily short and heavily margined on a particular stock that was in a bad patch (I forget the name, but I know it doesn't exist anymore). At first he was on a roll, and the more the stock went down, the more heavily he shorted it. Right up to the time the price got low enough to entice a larger company to take it over at a hefty premium. The news came after the bell. My friend had a buy stop in, but by the time the stock opened again and he could cover, he was wiped out. He now drives a taxi in Baltimore. It's a sad tale, and one I've never forgotten.<<<<< ....food for thought. jc