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

To: Regis McConnell who wrote (11350)	12/2/1998 12:43:00 PM
From: Greg h2o	Read Replies (1) \| Respond to of 42804

Regis, sounds like you have the story pretty well in hand. I'll say I have held on, bought a little for some new accounts, but generally have not yet doubled, tripled or anything of the kind. I won't commit new money until I see a shift in news from bad to good....right now, we're hopefully inbetween the two. On a book and cash value basis, the stock is dirt cheap. On a string of good news, it wouldn't take much to push the stock back to the mid-teens. Between new money and short-covering, the volume would give the stock price a tremendous push. However, at this time, what we're holding is a battered, small cap tech stock. Need I say more. I mentioned to Jack I have used any cash that I wished to depart with on other similar stocks so as to diversify. However, if we can get moving in the right direction, I'll deploy a little more, likely doubling the #shares (not the $ position) in MRV. Fortunately, I've been selling some large cap names last week (unfortunately, I held on to some BA) and have some available cash--if needed. Now, that's what I'm doing, but I have to answer to my clients. I don't think Jack and whoever else is buying at these levels are wrong in doing so. Further, Jack is in the industry and has good technical insight (which I certainly don't claim to have). The difference is, it's HIS money to lose and he is willing to take a risk which I am not willing to take on my clients' behalf. I do agree there will likely be a move in small-cap stocks over the next couple months, but of course, I've been hoping for one for the LAST YEAR! Oh, and the reason I haven't posted much in the last couple of months has nothing to do with my position, or lack thereof, in MRV stock....just been extremely busy. I have, however, tried to read the thread when possible. It's usually a very good contrary sign when there is very little posting.... regards, greg

To: Regis McConnell who wrote (11350)	12/2/1998 5:06:00 PM
From: ED PLOPA	Respond to of 42804

Regis: Welcome to the crowd of long-time holders of this stock. I too lost tremendously to the point of meeting margin calls on a seemingly invincible stock portfolio. It was quite a rude awakening to learn that I was not as smart as I thought I was. I survived. However, my retirement date has been extended a few more years. I don't have as much MRVC as I did in its heyday but still have enough that when (if) it recovers I will do nicely. At its present price my feeling is, if it goes to zero it won't be nearly as painful than the "rude awakening". I'm just as disillusioned as the rest of us about this stock but the damage has already been done, so I'm holding on to the stock that I have left. Ed Plopa