Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Sector Investor who wrote (10136)	8/20/1998 11:16:00 PM
From: Bruce L	Read Replies (1) \| Respond to of 42804

Did everyone notice the low volume today? 81,000 or less than 20% of normal. Given the market conditions today, MRVC did OK. Very few were willing to sell at these prices, but neither were they willing to step up to the plate and buy. Not yet. We did, however, bounce almost instantly off of 18 1/2 which seems to be very strong support. After yesterday, I've concluded that MRVC market makers are a very timid lot: just a few shares can, at times, move them sharply off of their bid/asks. They are not providing the liquidity and solidity they are supposed to provide. Look at a level II sometime. The spread between the bid and ask of the primary MMs (such as PRUS) is often a half point. They sit on these bids -that are well out of thetrading range - while the actual cutting edge liquidity is provided often as not by INCA traders placing their own bids through Instinet.