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Technology Stocks : Ciena (CIEN)

CIEN 229.14

-0.4%

Jan 23 4:00 PM EST

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To: cfoe who wrote (10965)	5/11/2001 7:34:18 AM
From: chojiro	Read Replies (1) of 12623

I just read this coming across my news feed. Thought it might be of interest here May 11, 2001 (JAGfn.com via COMTEX) -- Bullish CIENA (CIEN) 60.55) Bearish Cisco Systems (CSCO) 19.13) We remain bullish on CIEN, as the stock continues to hold support at the 55 mark. In the meantime, options players have been aggressively adding to their bearish positions on this issue. The put/call open interest ratio stands at 1.04, which is in the 100th percentile compared to the past year's worth of data. A definitive move and close above 60 would be a positive sign from a sentiment and technical perspective. This strike is home to over 14,000 May call contracts on this at-the-money option. (800) 448-2080 www.SchaeffersResearch.com By Bernie Schaeffer All Rights Reserved Copyright JAGfn.com -0- * end of story * EDIT: I've never heard of this JAGfn before. Not intended to be spam

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