Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 252.98

-0.2%

Feb 5 4:00 PM EST

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To: Guy Gordon who wrote (143)	5/2/1997 10:36:00 AM
From: Jon Huang	of 12623

Guy, Selling at 33 is a good exit point. I myself have already exited this stock yesterday. The further the Naz rallies, the more risk there's of protecting my profit. So out it goes! One thing I learned as a trader is, always protect my profit. I wish I made a move in AFCI and VIAS, both 7 point gainer in the last couple of days. Well, I guess my money had to go somewhere right? I don't think it has broken downtrend yet, my target 28, if it reaches that, then I am considering shorting it. But first I have to find a competent brokerage to do so. The fact that IPO stocks are unshortable is very common. I think there are some rules with regard to shorting IPO after a certain period of time. Good luck, Jon

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