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Technology Stocks : Ciena (CIEN)
CIEN 214.35+0.7%Dec 9 4:00 PM EST
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To: Glenn Norman who wrote (7001)4/14/1999 6:57:00 PM
From: W Sheffield   of 12623
 
I think Ciena's recent moves (both up or down) show that the stock is not currently tied to market swings. However, if a big correction does occur, 14 is feasible, but I think Ciena will post a slight profit, and therefore, it will not see 14 because of that.

And actually, pessimism can be profitable for us longs. A surprise profit can lead to a good upswing, and a slight loss would be already be factored in to the price.

Anyone know of any planned "event" that can strongly affect Ciena's price before earnings?
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