To: Bruce L who wrote (11608 ) 1/9/1999 12:58:00 AM From: Dana Adams Read Replies (1) | Respond to of 42804
Great post Bruce - I enjoyed it immensely. <I have put my money where my mouth is: buying 4800 shares in the past 10 days at respectively 5 3/4, 6 1/8 and 7 1/4(today) - despite a portfolio that was already badly bloated with the stock.> Good for you if the stock price goes north from here, however, no amount of shares one buys can control the price action or it's ultimate destination. I bought adequate amounts myself between 20 and 35, only to see it evaporate over a short period of time. I can only give you one suggestion at the moment. Take emotion out of the equation before investing in any company. Do you your homework on the fundamentals and think twice before buying. What is it fundamentally that you like in MRVC? It appears from what management said a couple months back - that this year will be one of just trying to break even. Their great new products will not come into force until the latter part of this year, if that. Pricing pressures just don't go away and up till now their is nothing new fundamentally for me to change my mind. I am still looking to wind up my position on any significant uptick - and a dollar up in my opinion is not significant. My God, the Naz has gone from 1300 to 2300. All kinds of battered and wounded stocks have shown some life during this time period. Let's see the bigger picture now - MRVC is still trading below the gap down opening of 8 dollars from last summer. Where's the beef, Bruce? If anyone wants to give any rational thoughts to MRVC and their potential just look back and see the likes of Shiva, and Madge corporations. What comes thundering down doesn't always rise back to the top. I would appreciate your analysis on a more fundamental basis, rather than what any bloody chart has to say. I am from the old school of thought which says: Technicals follow fundamentals and not the other way around. Respectfully, Dana Adams