Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 230.45

+9.4%

Dec 19 4:00 PM EST

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To: chojiro who wrote (10361)	2/15/2001 8:21:17 AM
From: t2	Read Replies (1) of 12623

chojiro, I would look at the other stocks that also support high PEs to where this trend is going. Also take a look at the short interest the same stocks like AMCC, JDSU, JNPR....even if a few of them start going up together, it could trigger short covering rallies that extend to many different high PE stocks. Short interest has been pretty high compared to levels of the last 2 years. I am not going to touch it but expect its report to carry through other sectors in which i have high PE stocks...planning on adding a some more today. Still the key word in their report is...visibility---which is good and that is what can carry stock even if high PE. good luck.

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