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Technology Stocks : Ciena (CIEN)

CIEN 297.16

-0.5%

Feb 11 4:00 PM EST

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To: snake who wrote (972)	9/29/1997 12:55:00 PM
From: Bob Trocchi	of 12623

Snake... Link to insider trading. insidertrader.com For the week ending 9/26, CIEN had 7 insiders registering to sell 159,616 Shares. You can go back a number of weeks to see the past planned selling at this site. The planned selling for week ending 9/26 is about average for the last several weeks. IMO, the volume is not really that great however week after week I keep seeing this so eventually it adds up. I assume it is people who are getting their shares "unlocked" and are taking some profits. IMO this will have a continuing negative bias for a few more weeks. FWIW, I am short but my timing was real bad. I am very close to being even as we speak but I missed a lot of points. I am hoping for the mid to high 30's. I still think it is a good company, just over valued with all the additional shares being "unlocked." Regards Bob T.

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