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Pastimes : Home on the range where the buffalo roam

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To: Walkingshadow who wrote (10099)2/12/2001 11:17:15 PM
From: mishedlo  Read Replies (1) of 13572
 
WS - sold my CIEN today.
Buying puts on a $20 stock is not that appealing, but if I did it would be a small #.

That said I do expect bad #, and therefore the sector to get hit if it happens.

CIEN is a better candidate. IMHO as well as my primary play in this sector (if I act at all). Besides therre tech sucks according to Gilder.

I am very aware of analyst downgrades at the bottom. This time I think they are too early for their own good (unless they know something).

The only thing they could possibly know is that SCMR is going to lie. (Not warn and have some supposedly fantastic growth).

I see those numbers.

I will send out the big LIE call.
That said, this market is not liking good numbers anyway. Look at PSFT, CPST etc etc. No warnings, probably no blatant lies, and stocks hammered anyway.

This time, I think the analysts think that is is the bottom, thus the downgrade, but this time they are wrong (and the stock will sink and they will look good for once) we will see.

M
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