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Technology Stocks : Ciena (CIEN)
CIEN 230.90-6.2%Jan 5 4:00 PM EST

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To: joe who wrote (2059)4/29/1998 2:49:00 PM
From: Paul Casi   of 12623
 
Yes--I just saw the Reuter's release re> Merrill. The reason I say that about Merrill is that over the past year their analysts seem to have gotten it wrong, or late with a consistency that is appalling.
I'm not sure where she get's a $.28 estimate for 2nd quarter --it would be nice if it was elaborated.

In any case, Ciena has a lot of future upside over the long pull. I'm usually not a trader, but for the period from Nov thru Feb. I traded UNPH and CIEN between the monthly swings of 38-45. Been holding on since March.

Best regards,

Paul
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