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MRV Communications, Inc. Message Board

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  • normboyz normboyz Nov 23, 2004 4:29 PM Flag

    nice close

    Some late buys ahead of the traditionally strong trading days before and after Thanksgiving.

    Small caps like MRVC can really rally strong, especially if the market moves up significantly on light volume.

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    • Forgive me for being less enthusistic than you guys but with a dollar falling faster than MRVC is rising (Ok I am only talking about the last few weeks) ... I have not really been making money for the time being.

      Whilst my average is in the low 2's for MRVC, each dollar invested cost me on avg 104 Eurocent, whilst now I am only getting 76 Eurocents back per dollar. That explains sometimes why I am not ready to be as patient as some others: I need the dollar to stabilise or MRVC to run faster, or I will need to re-direct my portfolio to Euro based investments ...
      Duerden (still long, still with an outrageous proportion of my portfolio on that stock ...)

      • 1 Reply to kingduerden
      • Understand what you are saying if you are a European investor (can't tell from your ID).

        On otherhand, there are a lot of other US ($ denominated) stocks that have done poorer than MRVC so at least it is not as bad as it could be.

        Had not thought about it before your post, but what do you think Europeans are doing with new Euro's they have to invest? Are they rushing to invest in US stocks hoping for both price and $/Euro appreciation or are they backing away because of recent fall in $?

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