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

To: Greg h2o who wrote (11159)	11/3/1998 12:45:00 PM
From: Bruce L	Read Replies (1) \| Respond to of 42804

<Now, if everyone is correct, we've met a near term top and should see the mid6's again... > I don't claim to be a TA expert but looking at the chart there's nothing special about the area the stock is in : around 8. From a strictly TA prospective there really isn't any resistance until around 9 1/2. That's where I expect we will head. That would be refilling the gap. As far as institutional buying, I agree with you that there hasn't been much today. Still, the volume is above-average, there's no telling when institutional buying might resume, and in any case I'm not counting on much of that kind of buying as long as the stock remains below 10. JMO. Bruce