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

To: rascalbythesea who wrote (11513)	12/23/1998 10:52:00 AM
From: rascalbythesea	Read Replies (2) \| Respond to of 42804

Just a thought, Noam says things should show improvement in Q2 but frankly, I won't start feeling better until I see insider buying at this level. The 3 top guys took down about $18 million in October 1997 and except for the 25 thousand shares they bought in May 1998 at $23.35 or about $600,000 (a trade I think they were pushed into by the underwriters of the $100 million note) I don't see them buying stock at the 5-7 dollar level, an area that should be irresistible to them if there is hope to go back to the $30 level by Q4 1999. If they didn't take down the $18 million I could understand their lack of buying because they don't take much pay out of the company. But they did take the $18 million and they are not using any part of it to show good faith at this level. Nobody should know better than them if the new products are going to propel this stock back to where it came from plus. Their inaction to buy at these prices say they lack faith. I would be happy to hear other opinions. btb