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Technology Stocks : Ciena (CIEN)
CIEN 204.03+1.9%Nov 28 4:00 PM EST

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To: James Fulop who wrote (8958)5/22/2000 11:32:00 AM
From: Rob S.  Read Replies (1) of 12623
 
Thanks for your even handed reply. I am not an expert in CIEN but may be expressing concerns that will crop up among many investors. There can be no argument that CIEN trades for a multiple based on future (2002-2003) sales and earnings. The future may well justify the current price but looking that far into the future is still speculative of the company's performance and the response of it's competitors and customers. As such, look forward to more wild turbulence.

BTW, I covered my short position at around 100 and won't short it except for a day trade until it reaches above 115. I may go long for a few minutes to a couple hours when it hits support bellow 100.
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