Techplayer,
Hey. Don't take it personally. I just enjoy catching people with their pants down around their ankles, then making them run for cover.
I don't know your time frame, but I'll give you my views on Ciena.
Ciena is currently sitting of support at 99, and with the Nasdaq futures double bottomed. But, we may have another 50 points downside on the cash index.
Looks like a fair entry point for a short term trade, provided the market doesn't break down from here.
Intermediate term, the stock is in an uptrend from the 66 lows, with resistance at 120/130/150 levels.
Longer term, I see another 10X on my investment based on Ciena's outstanding ability to execute, and maintain techical leadership. According to Wit Soundview, Ciena also retains market leadership.
What is your take on Cyras' technology? I've read all their stuff and the Lightreading posts.
Jack
PS: You could check the spelling of my name. If you misspelled it accidentally, then you are forgiven of that sin. Otherwise, I'll sic my wife on you. She really hates that. |
