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Non-Tech : Mama Bear goes long!
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To: Mama Bear who wrote (83)8/21/1998 4:19:00 PM
From: Mama Bear  Read Replies (2) of 131
 
FINALLY!!

I took a position. I traded Ciena today after it took the blow. It seems the aritrageurs have decided the TLAB deal will not go through as planned, and they were frantic to unwind their positions. I managed to get in on the bounce for a daytrade. When I decided to sell, I decided to keep my "profit" in shares. I believe that the deal may still go through. I find it hard to believe that TLAB didn't realize these things were coming. If the deal doesn't go through, I think that CIEN is (was) still at a great entry point. The sell of today had nothing to do with the company, but with the arbitrageurs. My condolences to the big money. I think this is a great example of why entering into trades where your upside is capped, and your downside unpredictable is just not my cup of tea.

Long 500 Ciena at 29 25/32

I will try to set up a portfolio to track this this weekend.

Barb
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