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


To: signist who wrote (13005)4/27/1999 3:03:00 PM
From: Bruce L  Read Replies (1) | Respond to of 42804
 
<Do you have a resistance price>

I think we'll have congestion at the $10 level; that's always a big hurdle for a stock. But with this volume, I think we'll see it within the week.

After that, the next resistance is the high water mark for the last spike: about 10 5/8.

I agree with the fellow before that we'll have a lot of churning to do before we re-fill the gap down (in Aug 98) from 14 to 6.

But hey, I'm grinning like a chesire cat; so glad that I was wrong about the reaction the CC. All you other guys got it right: Noam was much better than usual.

Bruce