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MRV Communications, Inc. Message Board

  • ahollowell1980 ahollowell1980 Oct 4, 2004 2:35 PM Flag

    High volume

    And up over 5%...Certainly bodes well

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    • I think days like today (high volume, 5% gain) need to be kept in mind in the future when we go down by 8%...the fact is, there is often little rhyme or reason to short-term action. For a while there, people were complaining about MRV trailing the Naz on up days...

      I don't think today means the long-run.

      I do believe that MRV is way oversold...given no deterioration in fundamentals and a 50% haircut...

      I continue to be perplexed by the action of this stock and am glad I do not trade it...I would lose big time...instead, I choose to hold shares on the belief that one day, the share price will reflect MRV's true value.

11.70+0.46(+4.09%)Jul 27 2:25 PMEDT