Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dennis R. Duke who wrote (11458)	12/11/1998 4:48:00 PM
From: Bruce L	Read Replies (1) \| Respond to of 42804

The Good and the Bad The good news is that support at 6 held firmly. We had a moment when the bid was 5 31/32 but so far as I can see, we never had a trade at that level. But lots and lots of volume at 6, and we closed at 6. The fact that volume picked up substantially at the low is also a potentially bullish sign. The bad news is that we closed at the low forming what I think was a perfect black Marubozu. A bad sign. On balance, I think ceterus parabis that we are going lower. We're still in a down channel and I don't think we had enough volume to call this a selling climax. Unfortunately, we're still operating under the "low profile" blanket of silence, and while we are it's awfully hard to find a reason to buy. JMHO, bruce