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Technology Stocks : Ciena (CIEN)
CIEN 233.87-1.9%Dec 31 4:00 PM EST
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To: Chuzzlewit who wrote (2994)9/13/1998 5:42:00 PM
From: Gary Wisdom   of 12623
 
For those of you still looking for explanations regarding Ciena's continued weakness, thestreet.com has a good article on how many deals where arbitrageurs are involved experience a phenomenon of massive selling due to margin covering.

While Ciena was not specifically mentioned in this article, it can logically be extrapolated that this margin selling might have affected the price of the stock at day end on Friday.

Guess we'll see tomorrow.
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