Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: GS_Wall Street who wrote (12999)	4/27/1999 1:55:00 PM
From: Sector Investor	Respond to of 42804

Careful, a lot of skepticism remains by people who don't have any understanding of the technology involved, and what it can mean. People just looking at financials (and especially if they have been burned before) will stay skeptical long after the tide has clearly turned. Some of those may also be vindictive and they have the power to move this stock several points one way or another. It will be some time, IMO before we move up and stay up, so play those cycles.

To: GS_Wall Street who wrote (12999)	4/27/1999 2:56:00 PM
From: Crossy	Read Replies (1) \| Respond to of 42804

Greg, absolutely. IF you do a TA on MRVC you will notice the strong resistance at $10 and the congestion zone $8-10 we are right on. Then there's a room to $15 from the last gap down (from MRVC's dop) that could be cleared in a short window of time. Next real resistance maybe at $18-20.. There's another model I like to play to provide me entry points in beaten down stocks which was coined by the famous Mr. Tom de Mark. His "Sequential (tm)" study. It pointed towards a strong entry point in MRVC during first week of April near $6,50. Well I joined the train a tad too late (at $7,50) but I'm not disappointed either.. regards CROSSY