Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 259.27

+2.0%

Jan 7 4:00 PM EST

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To: Bald Man from Mars who wrote (1323)	2/20/1998 3:13:00 PM
From: craig crawford	Read Replies (2) of 12623

I haven't sold TLAB yet. It is under consideration. << How low do you think it will go !!! >> I haven't a clue. Don't get me wrong, I don't think the market is acting totally irrationally by taking CIEN down. I don't think they should trade at 58. I think that low 40's adequately discounts the uncertainty given to the analysts. I'm not suggesting that they should only be down 5 or so. I just think that down 13-16 points is enough. I also believe that in a couple years it won't matter if you bought at 42 or 52. CIEN should be 102. That is why I think CIEN is a reasonable buy here in the low 40's. I bought my first batch at 45 11/16 because I didn't think the market would see things the way I did. Apparently they did.

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