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Non-Tech : Core Holdings--long and short

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To: 200ma who started this subject3/2/2001 3:49:42 PM
From: 200ma   of 11
 
CIEN short with a target of 25, former CEO left the company and started CORV, didn't like the progress of the company,coupled with a high PE even with NEXT YEAR'S earning estimates of $1.20, telecom spending has slowed, more competitors, product obselence...short this position is a no brainer given the history of how the stock tanked 2 years ago on bad news
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