Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 243.79

+2.3%

Jan 15 4:00 PM EST

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To: Red Dragon who wrote (1200)	2/4/1998 9:46:00 PM
From: Tim Bagwell	Read Replies (1) of 12623

I've been watching CIEN for a point to jump in. If I see 50 I'm diving in with an expectation for an up-beat earnings statement. Forward P/E is getting close to 30 which is a bargain. Earnings upgrades have all been positive over the last 60 days. The only bad news is that LU forecast a new product for next year. Whoop! It isn't unusual for tech's to shed a few points before the announcement. It's nervous nellies running for cover. They shouldn't even be in the stock market because they don't know what they're doing. It's a buying opportunity.

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