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Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:

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To: richardred who wrote (1048)	7/17/2012 10:05:13 AM
From: The Ox	Read Replies (1) of 8239

I did more research on CIEN and think its fine as a trading vehicle because of the sizable daily volume but would be very cautious about a long term investment. They bought nortel's optical business and have substantial debt. They also have a very large convertible issued and my past experience with companies that issue these leads me to expect unusually heavy downward pressures. I think they will survive but with so many other companies in the sector being sold off, I would look to other stocks if you want to invest in this industry! Once again, we haven't seen a catalyst for the industry, so no rush to buy the sector unless you are short term trading. Jmo

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