Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 188.78

+1.0%

Nov 19 4:00 PM EST

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To: Mama Bear who wrote (520)	7/16/1997 5:14:00 PM
From: craig crawford	of 12623

<< That really makes no sense. You sold the stock...why? >> Here is the post where I mentioned selling CIEN to buy A$ND. On June 11th CIEN traded between 47-50. A$ND traded between 38-42. They are both 55 today. That would make A$ND up between 13-17 points and CIEN only 5-8 points higher. So you see, I can still be bullish on CIEN (made all-time high today) yet not own it because I saw a greater opportunity elsewhere. techstocks.com Now that I just taught you a thing or two about opportunity cost, it's too bad I can't teach you a thing or two about short selling momentum stocks like CIEN. << So, tell us, what was the price telling you today? Particularly the sell off from 52 1/2 to 51 5/8 in the last 20 minutes? >> The price wasn't telling me anything that day, but it told me today ($55 1/2 up 3 13/16) that you still haven't got it right. Your getting close. Just switch your methodology around. Short FIBR and buy CIEN instead of short CIEN and buy FIBR.

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