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Technology Stocks : Ciena (CIEN)
CIEN 225.21-13.1%Jan 8 4:00 PM EST
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To: cuemaster who wrote (11132)6/15/2001 9:58:27 AM
From: chojiro  Read Replies (2) of 12623
 
FWIW, I don't think it will be a matter of them "missing" numbers. I just believe in time this whole market is going to get readjusted on a valuation basis, and with CIEN carrying a TTM PE of over 225 as I type this, there is a lot of room for the down side.

Back in March or April I said I was going for $25 ultimately. But if the earnings can't meet the price, the price will meet the earnings, and historically, we have an "advantage shorts" going on here. And this isn't to say there won't be violent upswings in the process. Witness what we just experienced where CIEN came off it's lows for about 100% gain in a month or two.
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