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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 690.27

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Dec 26 4:00 PM EST

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To: Johnny Canuck who wrote (40112)	8/22/2003 12:26:42 PM
From: Johnny Canuck	Read Replies (1) of 69278

10:02 ET CIEN Ciena upped to Buy from Hold at Needham (6.15 +0.11) While co's Q3 operating results and Q4 guidance were relatively weak, firm believes that datapoints emerged from the qtr that support view that CIEN will be able to drive significant rev growth starting in the 1st-half of fiscal 2004. Firm establishing a $7-8 price target.

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