Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 252.98

-0.2%

Feb 5 4:00 PM EST

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To: Steven Brunnert who wrote (147)	5/4/1997 7:40:00 PM
From: Jon Huang	of 12623

Steve, You are very lucky that you can find shares to short on this stock! I haven't been able to short this stock yet. But I will keep trying untill my incompetent broker find some shares! As a T/A trader, I usually look for trend, when the stock breaks its trend, I tend to follow it and make a couple of points here and there. I have no doubt that it will go down to low 20s within the next couple of weeks given this market condition. Yes you can make good money on both ways, but sometimes it's really easier said than done! I set up stop buy and stop loss order for this stock when I go long. As to short, I usually follow its momentum! I havne't found one IPO stock that's undervalued, but I know when not to go against the market! Good luck, Jon

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