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


To: Michael H. Dragon who wrote (12689)4/12/1999 12:24:00 PM
From: Bruce L  Read Replies (1) | Respond to of 42804
 
<I gotta believe alot of this is short covering too.>

Do you think the 47K block above the ask was short covering too?

Even if you're right, what does it matter? Buying pressure is buying pressure. And I have a feeling that most of the longs on this thread are not going to be releasing their shares until the stock has moved up another point or two.

From a TA standpoint, the key today if if we hold on to the bulk of today's gain. If we do, then on todays's volume, we will have an up day tomorrow, come what may.

Bruce