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Strategies & Market Trends : The Thread
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To: jjetstream who wrote (25037)12/16/2000 3:14:28 AM
From: AD  Read Replies (1) of 49816
 
jjetstream, I agree totally. So many times folks say 'oh , it's nothing' ...but time proves it is something. Just the quiet beginning. Oh and guess who else raised reserves:
CIEN .

"Cisco isn't alone in facing the prospect of unpaid bills. Another supplier, fiber optic equipment maker Ciena Corp., of Linthicum, Maryland, also increased its provision for doubtful accounts -- to $19.2 million. From a few hundred thou!" --remember, CIEN cautioned about this not long ago. Now CSCO. This stuff ain't going away in this environment of slowing fiber sales/ demand.

ps, sure CSCO will bounce. But it is also due to go lower. To me it's one of those stocks that everyone who wanted in , is in . Sellers will outnumber buyers in 2001 sometime imho.
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