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Technology Stocks : Ciena (CIEN)
CIEN 212.93+5.6%Dec 8 4:00 PM EST
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To: Tom Aellis who wrote (1526)2/24/1998 5:12:00 PM
From: Red Dragon   of 12623
 
I agree, Tom, that there are several fundamental arguments that make Ciena compelling. That's why I suspect that fundamentalists are going to be the major source of buying in the near future (in my recent post). But the lack of other buying power coupled with powerful selling pressure suggests that there will be plenty of opportunities for a fundamentalist to cherry pick at even better prices. I wouldn't be surprised to see a short term pop, followed by more selling pressure - especially if the general market beings to correct, as Dakota pointed out.
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