Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 230.45

+9.4%

Dec 19 4:00 PM EST

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To: Nandu who wrote (3930)	9/30/1998 6:01:00 PM
From: L.B.Nguyen	of 12623

IMO, Funds who want to get CIEN off their book wouldn't want to wait for last minute, so they have been dumping early during last few days. Funds who want to get CIEN on their book would want to wait until the last day/few hours to get on to make sure they don't support other funds who are selling out early. Funds who want CIEN off their book this quarter; however, still want to play during next quarter then they will buy in early tomorrow morning. That is why I think there will be a gap up early in the morning and then tapper off. 14s is definitely still a major support level. I also think the market is waiting for guidance from some of the big guys ( T, LU, and WCOM ) for a better picture of future growth/spending. God forbid if they will also issue warning. just an opinion. I may day trade this one by selling at the open and buy back at closing to test my luck. My timing this last few months has been extremely poor.

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