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

To: starpopper who wrote (10397)8/28/1998 2:00:00 PM
From: Len Roselli  Respond to of 42804
 
startrooper,

<< but we should see serious overhead resistance while MRVC longs unwind their positions! >>

Why will longs unwind their positions after loosing as much as they have? The only reason I see is for tax purposes. Is that what you had in mind? Otherwise, as someone else stated, the shares get put into a drawer until somebody helps this Co. get back on its feet. Don't forget the industry they're in.

len



To: starpopper who wrote (10397)8/28/1998 2:26:00 PM
From: E Newman  Read Replies (2) | Respond to of 42804
 
Just bought some at 6 3/8

After following it for a long time, I held off from buying because the technical analysis were looking very bad.

It seems like we have support at this level.
Sorry to see so many people lose money in this.

It's not what you buy that counts, it's when you buy it!

They have $5.23 cash per share, and a book value of $6.27

Good luck To everyone.


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