Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 246.06

+5.2%

Jan 2 4:00 PM EST

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To: Larry Brew who wrote (2823)	9/9/1998 11:22:00 PM
From: Mama Bear	Read Replies (2) of 12623

Larry, if it gaps 4 points from the close the only good play will be to sell and sell short. Upon review of how this drama has unfolded, I think it's time to accept that CIEN is now damaged. There are too many question marks about the company. I am out as a long first thing tomorrow, and regret waiting this long. I should have gotten out after the close below the low of the T announcement. I got fooled by the snap back rally and thought everything was ok. The T announcement could be explained away by competitive pressures. TLAB really needs the tech. But I find myself having to make excuse after excuse in order to talk myself into holding. I don't hold stock which I have to make excuses anymore, it's a sure road to underperformance. I'm not going to hold onto my meager lot and watch what I have left sliced in half. If you don't believe it can happen, you're in denial. The stock is damaged goods now, IMO. Oh, BTW, I was watching the afterhours trading up until 1700 on my L2 service, and yes, there was a lot of buying at around 20 1/2. Barb

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