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


To: rascalbythesea who wrote (12669)4/10/1999 7:59:00 PM
From: Sector Investor  Read Replies (1) | Respond to of 42804
 
<<If the institutions that bought the notes were the shorters, they would have been happy covering at the 5-6 level that MRVC has been at for the last 9 months.>>

One would certainly think so. Anyone short from $20+ down to $5+ would be dumb (as mild as I can state it) not to have already covered. That is 15 points gain. Yet short interest is still higher than pre convertable-offering.

Mystifying - at least to me.