Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 298.70

+3.1%

Feb 10 4:00 PM EST

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To: Red Dragon who wrote (975)	9/29/1997 5:04:00 PM
From: Bob Trocchi	of 12623

red dragon... >If millions of shares from the original investors are unlocked on Sept. 29 (purchased for pennies per share), then we may truly see quite a bit of heavy selling.< If the unlocked shares are all rapidly traded, there wil be a huge oversupply. That forces te price down. Stocks, like apples, are subject to the law of supply and demand. On the other hand, I would not expect investors to unload in huge quantities. I believe many people feel CIEN is a good growth company. If you were an investor and had shares you paid pennies for and you expected the stock to raise in the future, why sell now. Sell a few to protect yourself but not all. Clearly, I expect a number of people to start some level of selling tomorrow. The open question is how many. I believed as I stated before that it will drop the price about 10% -15% from here thus the high 30's. I have no crystal ball. The good news is that we do not have to wait very long to find out!

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