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Technology Stocks : Ciena (CIEN)
CIEN 252.98-0.2%Feb 5 4:00 PM EST

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To: mact who wrote (10306)2/1/2001 8:32:27 AM
From: Dave  Read Replies (1) of 12623
 
Hmmm, one question about rumors from the trading floor. I bet this is what happened....

trader 1: "Hey, I just took a short position in Ciena"

Trader 2: "Yeah, me too. I wonder if we can spread another rumor"

trader 1: "Yeah, do that, I need Ciena to fall so I can make some money, amke sure my bonus check looks good"

Trader 2: "Sounds good to me. I"ll spread it"

Rumors from a trading floor sound like the most unreliable rumors, to me. It's quite pathetic that they don't interview that trader and have him stake his "reputation" on that "rumor"
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