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Strategies & Market Trends : Sharck Soup
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To: StormRider who wrote (33287)8/21/2001 4:33:18 PM
From: AD  Read Replies (1) of 37746
 
Nice dive today, woohoo. For the third time I have to compliment whomever called for CIEN to die when it was still @60.
It's coming in as promised.

The tech market has yet to see the worst of the news imo.
Even if business doesn' t slow much more , there is still a lot of pain ahead for companies hanging on by a thread over a pool of hot oil. They can scramble for cash and cut costs for just so long before bk court.

And for every co that goes bk, along with it go receivables that healthier co's will never see. That's why I scorn at people who say the bottom is in. Good luck all. And don't worry, it's not to late to short;-)

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