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


To: Greg h2o who wrote (12764)4/15/1999 11:33:00 AM
From: Bruce L  Read Replies (1) | Respond to of 42804
 
Re: Another Powerful surge

MRVC was languidly dipping down to 7 5/16 until about 1/2 hour ago. Then a powerful surge of almost 100K shares on almost constant buying pressure has taken the stock to 8 1/4.

Sector: I was mulling over your options theory and of course it seemed to fit the facts. Except maybe size of the outstanding options contracts. But I think this shows us that something more powerful is going on. Why, I can't say. But it translates to powerful buying interest.

(Well, now I look and the stock is back to 8 1/16. Still a powerful surge.)

Bruce