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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Stoctrash who wrote (3596)3/28/2001 7:17:41 AM
From: chojiro  Read Replies (1) of 33421
 
VTSS, AMCC, TXCC, PMCS all have warned, maybe even 2x, guess who is next? <GGG>

Hi, I have been short CIEN for a while now. I have managed to trade it a few times but am back to my full short position there as of yesterday.

I have been waiting for a revised estimates from them, but may have to wait another quarter. I'm almost half expecting them(in light of the NT news) to make a statement reaffirming next quarters estimates, but curiously silent about future guidance.

Being the eternal optimist that I am-g-, I am still cheering for it to hit the 70s once more for old time's sake, if only briefly.

Good luck.

P.S> I am also short some Dow components for a while also. It has been a hard rebound this last week, but I have decent entries, and hoping my patience pays off.

What do you think of EBAY and BEAS as short candidates? I think they will be my next positions. Both maybe as early as today some time.
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