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Technology Stocks : Ciena (CIEN)
CIEN 210.71+3.3%Dec 18 4:00 PM EST
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To: ratan lal who wrote (10486)2/24/2001 10:00:46 PM
From: chojiro  Read Replies (2) of 12623
 
Interesting, earlier you were talking about investing in CIEN. Now you are talking about 90 days. Do you consider 90 days investing?

And while we are on predictions, let's compare the ones that each of us made just a week ago.


You said
>>CIEN up over 17 to 94.
Although the chart shows that it can still go higher and the fast move up today suggests it could go as high as 140 in the next 3 weeks,<<<
Message 15357286

I said
>>>If the rest of the market begins to wane, CIEN will follow and be back to the mid 70s at best middle of next week.<<<
Message 15357414

Stock closed at 74 1/2. That seems pretty close to the mid 70s to me. But you still have two more weeks on your end- for a double.

Now you are lengthening your time frame(still not what I would define as a time horizon for investing) to 90 days, and lowering your target from $140 to $90. That's not even as high as it got last week!

And the targets you set in the last post are not completely fair. if your upside is 90, than the down side should be equally given. Meaning Let's say 59(15 1/2 pts from 74 1/2, same as 90) instead of $50. This would only be fair.

But to let you know I am a fair person, I'll give you two other options.

1)$99 for you and $50 for me

2)$105 for you and $44 for me!

Let me know. Winner is determined by the one closest. Heck, you even get an earnings play out of it(but I'm sure you have already factored that into your $90 target). We can bet a beer or we can bet a case. Or we can just make a gentleman's wager, the choice is yours.
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