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

To: Greg h2o who wrote (11189)	11/5/1998 10:42:00 AM
From: Bruce L	Read Replies (1) \| Respond to of 42804

Greg: You turned out to be right. 8 1/8 seems to be short term resistance. I have a feeling that today could be important. At the close yesterday I saw what could be stealth accumulation. As I noted earlier, the last two trades were 5500 and 15,000 shares respectively at 8: the ask. Today, volume is moderate with no big trades, but the bigger trades ( 2000-4000) have mostly been at the ask. Time will tell. I'm going to watch the close today especially closely. If we close above 8 1/8, I think we are ST heading for 9 1/2. I did act on this hunch and bought another 1K this am at 7 13/16. bruce