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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (31375)	8/22/1998 11:10:00 AM
From: PaperChase	Read Replies (1) of 132070

MB. Ciena is looking attractive in the $20's for a first third. Message 5562989 I didn't believe for one moment that ATT would select CIEN over the good'ol boys at Lucent. Lucent's 96+ channel DWDM product smokes CIEN's product. As a matter of fact LU's DWDM product smokes ADC Telecommunications' (ADCT) product which hasn't even been introduced yet! I can't believe the street sold CIEN off over this news and I can't believe that my long strangle option play was on TLAB options :-( Oh well, live and learn. The CIEN price movement is likely to be violent over the next month so what do you think about an options straddle on it? Is this a foolish approach? My favorite diversified telecom play, ADCT, posted strong sales this week and posted earnings of 30 cents, beating estimates by 2 cents. I'm proud of ADCT 'cause they are learning from the big boys how to play the Wall Street game. ADCT pulled a signature IBM move and lowered their tax rate by 1% which gave them the 2 cents they needed to beat the street. Normally I would get nervous but since none of the analysts noticed this then I will look the other way too. <G> It's tough being a bull in this market so I continue to look at and buy Nov puts on ADCT to insure my long equity position. The BK is close for the overall market. I feel the static electricity in the air...

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