Designs, manufactures, sells, distributes integrates and supports communication equipment and services, and optical components.
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This stock could potentially lose another 10% before it bounces, but with a -12% day today, the entry point is just too juicy to ignore. I place target one at $3.25, target two at $3.58, and target three at $3.94.
Funny things is the lowered to earnings for July, now on this very wedsight the upped it back to .01. Is their something going on here?
I know hedge funds have a stack in this stock, alos I looked at the bunisses report, noticed alot of growth in Europe. This may be a "smoking bullet" here, but I think that MRVC will outperform the market within the next couple of months. The reason why I say this is simple enough that the vol has spiked over a mill snice the Fiberon deal. Can they know something we, the small, independent investors don't?
I say that not to worry about this "fluke", it will be corrected. Mamagaments won't put up with looking stupid if the losses still happen, that is why I say not to worry.
It's really too bad that I didn't *completely* listen to my instincts and wait on this one just a bit longer. Even in my initial pitch I stated that the stock might have a bit further to fall before the rise. Of course, it's easy to time the market after the fact. And I have still made a tidy 10% so far. So I guess I shouldn't complain.