Ciena (CIEN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ciena (CIEN)

CIEN 253.63

-8.3%

Feb 4 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Earthdog who wrote (351)	6/10/1997 1:55:00 PM
From: chester lee	of 12623

Allan, BAANF was down Friday when the Dow was up 100++ points. It was down yesterday when the Dow was up 40+ (I don't remember the exact #'s). The point I'm making is, BAANF is encountering some selling pressure even in the face of a run-away bull market. Look at the charts, $60 seems to be tops until better news comes. However, that said, if bad news comes, htis stock is goping to fall fast. How far down I can't predict, but it will be fast. Notice today, the Dow is up 90+ at 10:48, and BAANF is down 1/8. There is selling pressure that is particially mitigated by the uptrending market. Imagine hte price movements if the markets were to reverse and correct. Chester

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next