Ciena (CIEN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ciena (CIEN)

CIEN 201.59

+3.0%

Dec 5 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John M. Gelnieau who wrote (4226)	10/10/1998 1:13:00 AM
From: jach	Read Replies (2) of 12623

Ciena IR didn't say anything regarding estimate at all- Heard from friends' friend, potential large contracts to be announced soon. Price this week, imo is typical manuipulation by option managers becasue ciena call volume above 12.5 is more than 25,000 contracts. This is the same as 2.5 million shares. They will hold anything possible to keep below 12 and that's one of the reasson of sudden movement downward for no reason. By selling 50K block they can drive it down half a point but save them from giving out somewhaere in the vicinity of 2 million shares (assuming portion of it is by individual sellers) next week if happens to close above 15$. Ciena will likely go higher starting from near end of next week to the two weeks after that.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next