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Technology Stocks : Ciena (CIEN)
CIEN 201.71+3.1%Dec 5 4:00 PM EST
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To: Curtis Frazier who wrote (41)2/11/1997 7:53:00 PM
From: Craig Schilling   of 12623
 
Curtis,

IMHO this stock will rise on the open and then come back to the 22-23 dollar range where it was priced over the next couple of months. This is quite typical of hot IPO's. This is where the institutions will start buying if the company fundementals are sound. If you watch the on-balance volume you'll see this occuring. So it may be popular but everyone has their price in the institutional world and they'll be patient enough to wait.
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