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Technology Stocks : Ciena (CIEN)
CIEN 194.70+9.2%Nov 24 4:00 PM EST
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To: James Fulop who wrote (8936)5/21/2000 11:37:00 PM
From: Rob S.  Read Replies (1) of 12623
 
CIENA is in the "sweet spot" of an exciting growth market but that does not change the fact that the stock ran up years ahead of actual sales and earnings. Speculators may argue that this fits the metrics for "new economy" companies but the market reaction to earnings say otherwise.

Any way you analyze it, a gap down after a balloon run up is a text book "short sell". Let's see how things play out over the next few weeks. My bet is that Ciena, wonderful company that it is, is heading lower.
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