Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 178.17

+1.0%

Nov 21 4:00 PM EST

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To: Milkman who wrote (1964)	4/14/1998 3:49:00 PM
From: Tim Bagwell	Read Replies (2) of 12623

Well my guess is (barring any news) that we just saw a large institutional short position covered. This is a good sign because this stock has been under manipulation for weeks now. If a major short player has left then the tide could finally turn and we could see some more upside. I expect some profit taking from this strong run and I'll be looking for signs of more strength. Because of the recent manipulation I'm skeptical that this could be a sucker rally.

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