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

To: Michael H. Dragon who wrote (12685)	4/12/1999 12:07:00 PM
From: Bruce L	Read Replies (2) \| Respond to of 42804

Now 7 5/8. All of this hit me by surprise too; I'd gotten out of the habit of watching MRVC closely because it was just too unproductive. But the time and tape is interesting. The stock opened down 1/4 at 6 1/8. Some poor sucker sold 7500 shares at 6 1/8 and it was all uphill from there. Mostly small individual trades of ~1000 shares until we hit 6 1/2 when we had two trades of 10,000 and 11,900 at that price at 11:03 and 11:08 respectively. Then quickly a 23,200 share block at 6 3/4, also at 11:08. The stock inched up to 6 7/8 for the next half hour when- out of the blue - we had a block of 47,900 go off at 7 3/32 - which had to be way above the ask. Then lots of trades of between 3-5K at 7 1/8. Bottom line: we are seeing institutional buying and these institutions are not quibbling over 1/16th of a point; maybe not even 1/8th - not at these low prices.