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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject	9/5/2000 10:48:46 AM
From: Louis V. Lambrecht	of 100058

CIEN today is another example of why you should set mental stops and no market limit orders. Had I put a limit order at my broker @226 as discussed this WE, I most probably would have been filled at $200. Not sayong we will not close lower, but leaves me time to reasses the situation. "10:04 ET CIENA Corp (CIEN) 227 7/8 -2 1/4: -- Update -- The loss of the $28.2 mln receivable was the result of an administration order against UK-based iaxis Limited (the order is similar to a reorganization filing). CIENA had not expected any future revenues from iaxis, so this does not affect future revenue expectations for CIENA. " In English, provision for bad debt already accounted and provisionned for in the books.

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