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Designs, manufactures, sells, distributes integrates and supports communication equipment and services, and optical components.
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.
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