Ok. Here goes another short term prognostication:
Not much volume today. Heavy to the downside early, then tapering off for the rest of the day. CIEN is taking a breather. If nothing other than rumor is posted, and no press releases, then I'd surmise that yesterday's run was baseless, and the stock will rationalize to a slightly lower level (low 40s).
Ladies and Gents, I'd be a bit cautious with any stock here over the next week or so. The market right now is only momentum driven in my opinion, and things need to be reined in -- the reining in can happen at any time and could happen for no reason at all. If one were to set a target limit for the DJIA, it could be the 9300 area. No projections yet on downside.
A parting shot: everyone was enamored of INTC not so long ago until it soured in OCT, and then again recently. The threat to INTC right now is from a change in the market and the market's demand for a certain type/level of technology. The same threat is presented for CIEN, which is not as well or strongly positioned as INTC was (the monsters are LU and Pirelli). CIEN is a flea in the camel's armpit. It may do very well over the next year or two, or if the technology changes, could be in the lower double digits. I know that some of you may not agree with all my rantings, but you didn't pay me for them either : ) Non hostile responses that agree or disagree are welcomed.
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