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

To: George Dawson who wrote (11279)	11/26/1998 11:00:00 AM
From: Sector Investor	Read Replies (2) \| Respond to of 42804

From the link you posted: <<It is recommended that when you invest in convertible hedges, you should plan to hold on to hedge investments for at least two years to fully realize profit levels. The minimum investment level for privately managed hedge portfolios should be $500,000 (US). *A convertible hedge combines the purchase of a convertible debenture or preferred stock with the simultaneous* short sale of the underlying security.** >> Let's see the stock was at $19-$22. It dropped to $5 1/8 at one point. That is over a 70% return in under 3 months (too lazy to calculate). The short interest is still pretty high. One would think they would have covered then. Or are those people smart investors in general but ignorant of the company itself? Or did they cover already as the short interest is no higher than last April? I guess I just can't understand high short levels on a stock trading at cash value with excellent forward looking prospects - especially if you have big gains from the short already, and already eroding.