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Technology Stocks : Ciena (CIEN)
CIEN 225.21-13.1%Jan 8 4:00 PM EST
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To: Jonathan C. Williams who wrote (1255)2/20/1998 10:06:00 AM
From: craig crawford  Read Replies (3) of 12623
 
<< IMO this stock is a dog >>

So I take it your short? I backed up my stance with a purchase, how about you?

This stock is not a dog, this company is the closest thing to the next Cisco. (There probably will never be another Cisco).

CIEN was just too expensive. At 45 it's much more reasonably valued for this expensive market. If you make the argument that CIEN should be 30 than you should also make the argument that C$CO should be 45 and INTC should be 70. DELL should be 80.
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