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Strategies & Market Trends : Roger's 1998 Short Picks

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To: craig crawford who wrote (3383)2/21/1998 9:20:00 PM
From: Eric Klein  Read Replies (1) of 18691
 
>Don't hold your CIEN short for too long<

I already closed it out at 41. My advice to you, though, is not to hold your CIEN long too long. 10 times sales is still pretty steep. Not to say that CIEN isn't the exception, but high-flying companies sporting very high price to sales ratios historically underperform the market. Especially those high-fliers that fall out of favor with the investment community. Analysts hate surprises.

You may see a price bounce in the next few days.
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