Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 178.26

+1.0%

Nov 21 4:00 PM EST

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To: Rob S. who wrote (8952)	5/22/2000 1:40:00 AM
From: Doug R	Read Replies (2) of 12623

Gee Rob, Do you think that CIEN having THE highest PE ratio of all Nasdaq stocks...in an environment of accelerated increase of interest rates...coupled with a failure in the rollout of 2 new products and higher materials' costs might have something to do with the stock being a prime short target? But what the heck...that stuff is rudimentary fundamental no-brainer type rule of thumb ideology. From the perspective of technical analysis (anathema to fundamental gee whiz belief systems), CIEN's technical profile flagged itself as a short weeks ago. It won't go down forever but it ain't goin' up again any time soon. I surmise that this thread is about to get very fractious and both sides will probably ignore the forest for the trees as the Nasdaq continues to take its medecine. This is an important time for individuals to assess their timeframe and risk tolerance as far as their position in this stock is concerned. just a messenger, Doug R

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