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

To: GS_Wall Street who wrote (10393)	8/28/1998 1:15:00 PM
From: Len Roselli	Respond to of 42804

Greg, << As for MRVC they have close to $8.50 in book value most of which is cash ~$4.00. I think this company has six months to turn it around or else it will have to be sold. Maybe LU or NORTEL will take pitty and gobble them up. >> Good post. I'm tired of the childish dribble re. Mr. Pink. Anyone who claims the ability to predict stock price movement on any consistent basis, without insider info, is a fool. Or should I say, is full of himself (herself?). Sure, I wish I had followed his advice and shorted the stock when it was in the teens. Maybe I would have if he had presented some facts to back his opinions. He didn't. And the way he addresses us mere mortals is repugnant, so I paid no attention. It's he that needs to learn, not us. As for the stock, the facts are pretty much as you state them. Book value is a big support point for any stock, although it doesn't guarantee further erosion (what does?). Atmel is at the same point, as are others. BTW. During this morning's slight rally I noticed that Atmel's price was up while most other techs were down. Later, of course, it succumbed to additional selling pressure. My guess is that I was starting to see some tentative money flowing into the battered tech sector. I mean, if you're going to continue to play the stock market, what sector has the most potential right now? To me its obvious. My take on MRV is that it will rise a few points in the next couple of weeks, then stay in a trading range between 8 and 12 until we hear a major announcement, etc. The takeover possibility is always there, but I never hold a stock for that reason. Len