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

To: Richard Birecki who wrote (10279)	8/26/1998 10:33:00 PM
From: Cube	Read Replies (1) \| Respond to of 42804

Richard, I could be way off, you could be right. I've heard people that don't agree with the efficient market theory, I happen to disagree. The stock's price creates ranges and trends. You ignore these at your own peril. Today's markets provide a more narrow window than ever to buy low and sell high, before the efficient market takes the stock to it's new reality in short order. Peter Lynch used to say that two things really dumbfounded him when he would hear them from people. 1) "Hey Peter, this stock is up 100% this year, there's no way it's going any higher." 2)"Hey Peter, this stock is down 50% this year, there's no way it's going any lower. It's the price that creates ranges, trends, and very often foretells news. My view is that you must pay attention to everything, but pay special attention to price. So, I'm still short MRVC. Cube