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


To: Sector Investor who wrote (11369)12/3/1998 9:56:00 AM
From: Bruce L  Respond to of 42804
 
MRVC has popped up to 7 within a few minutes of the opening.

Has anyone else noticed that MRVC seems to run counter to the market: when the latter is strong MRVC seems to dip; and vice versa. If this pattern persists, MRVC will lose its gains when the market turns around. Another pattern from last week: MRVC will flirt with breaking 7 at the open, only to fall back after the first 1/2 hour.

Someday, it will break through and then the next resistance is about 9 1/2.