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


To: signist who wrote (11338)11/30/1998 11:35:00 PM
From: Michael J. Scimone  Read Replies (1) | Respond to of 42804
 
Fellow stockholders, after a long time of holding and some trading, I have removed MRVC from cash account. Its been a long time since my first purchase on 6/6/96, and a good time to bury the hatchet and take the cash loss for this year. I have totally lost faith in management from a stockholders perspective, as an engineer I think they have some neat products. I will hold a sizable chunk of shares (almost a 1,000, big to me) that I am long on in my IRA, since I am not willing to take that loss. Hopefully some day things will pan out for MRVC or they will get bought. But I can forget about watching it and getting more frustrated, almost have to treat it like lost dollars and check on it in a few years.

Since I don't plan on enjoying the rocky road anymore, I would like to thank the great posters who have been on the thread over the years. It has been and interesting lesson in investing, unfortunately a hard one for the most part. I have followed this thread on a consistent basis, other threads such as Yahoo are not worth the time. This has been a quality thread and hopefully you will all keep posting, there has to be some positive movement eventually.

Best of Luck

MJS