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Technology Stocks : Ciena (CIEN)

CIEN 194.70

+9.2%

Nov 24 4:00 PM EST

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To: Doug R who wrote (8953)	5/22/2000 10:23:00 AM
From: Rob S.	Read Replies (1) of 12623

That certainly has a lot to do with it. Also what I call "Schools out for summer" theory - momentum investors have become increasingly occupied with other things besides playing "stock market bingo or casino". Volume has dried up dramatically over the past several days and sees no signs of picking up anytime soon. For any significant rally to develop for the NASDAQ or CIEN, buying interest must develop to overcome the vacuum of vacated computer screens imo. As of now, CIEN is down to around 105. This is the first level of technical support - it may bounce here. If CIEN bounces back to 115-120, I will short it more aggressively.

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