Hey Baldy, rebound today possible. Before hrs bid at 42 1/2, +1/2 pt. With the debut of the 40 channel fiber at the trade show this week, and possibilities of going to 80 this year, we may have already hit the low on the stock in the 40s last Friday.
Could the market take a dive, and take CIEN with it, you betcha. Could CIEN itself sink lower, yes that is possible. With CIEN having been near the top of its trading range recently, and then trading 25M shares, it could be safe to get back in. If you are conservative, then wait a day or so to make sure uptrend is in place. With the high quality tech stocks though, often they rebound as quickly as they sunk. IMO CIEN is OVERSOLD.
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