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Technology Stocks : Ciena (CIEN)

CIEN 200.29

+2.1%

Nov 26 4:00 PM EST

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To: Sam Citron who wrote (474)	7/2/1997 12:17:00 PM
From: Jim Rathmann	of 12623

>>> 3) Knowing that a certain event is going to transpire at a given date X in the future, some decision makers [DMs] will choose to act on date X-1, others on date X-30, etc., depending, among other factors, on DM's opportunity cost of capital and willingness to expose capital to exogenous risks, anticipation regarding other investors (speculators) lead times in reacting to the event, etc. >>> Sam, great post.. I think I played this game when I was in high school only then we called it "chicken" ... jim

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