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: Jon Huang who wrote (145)	5/3/1997 1:47:00 PM
From: Steven Brunnert	of 12623

Jon: I told you a while back to watch out about this stock moving up quickly. I shorted this stock on Friday for the 3rd time (made good money on the first two shorts). It should be back down in the low 20s in the next couple of weeks. The stock market went from oversold to overbought in 2 weeks. In the next week or so, there should be some selling as people will start worrying again about the May 20 Fed meeting. This is still a $5-10 stock long term. It's just going zig and zag along the way. This is a stock that you can make good money on both ways. Although I'm having a hard time going long on this stock since it's so overvalued. Steve Brunnert

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