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


To: michael modeme who wrote (10997)10/27/1998 9:54:00 PM
From: mph  Read Replies (2) | Respond to of 42804
 
I distinctly remember that happening to PCMS last year. I think it was Q3. Someone came out with a strong buy the morning before earnings. The stock was already enjoying a great run-up and it crashed and burned, never to recover after earnings were announced.

I figured, and still do believe, that it was a set-up to get clients out of the position. The same may be true here on the short side.

Just my 2 centavos, FWIW.

mph