i don't care.
I'm bet you don't. I'm sure you have many other things to concern yourself with over this weekend. Don't worry too much though. Chances are enough people will forget about valuations over the weekend. Valuations like CIEN carrying a PE of 170+
They'll probably focus on how far down it's come recently. But as sure as I tried to warn people on this thread for over six months, valuation will come into play one day, and that day will likely come in mid August when they have to lower(considerably) future guidance. Than people will wake up.
And God forbid they warn(which I am on record as believing they won't) but if they do, my $25 target will be extremely generous. In fact, after I listen to the CC and read the report, I maay have to lower my $25 target to $5-$10 range.
I wonder if you will care than.
P.S. As braash as I may come off, I do sincerely hope you and others are not on margin. I do not like to see people lose money, it's no fun, as we all have experienced it before. But if some people can't see the writing on the wall, than there is nothing I can do to help.
Hell, I believe I'm on ignore by most people on this thread any how. That's too bad because since I started suggesting the bottom is falling out, Cien has lost close enought to call it 70%.
So on a more discussful note, anyone think most of the early afternoon was margin call selling?I don't think many shorts are covering this time around just yet(except for the day traders). Those who haave been holding short "positions" have a nice coushion now and will likely give it to at least 37 this time. That's 20% from todays close.
Good luck. |
