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Technology Stocks : Ciena (CIEN)

CIEN 187.00

-2.5%

Nov 18 4:00 PM EST

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To: Bald Man from Mars who wrote (2484)	8/23/1998 3:20:00 PM
From: craig crawford	Read Replies (1) of 12623

>> I thought this arbitradge thing is easy... << No free lunch Baldman. Arbitrage carries risk just like everything else. The spread you could have gotten on CIEN/TLAB a week ago was as high as 8+ points if you did a little market timing. It narrowed to within a 1/2 point or so before the bombshell. It's not necessary to carry an arbitrage to completion, you could have banked some profits instead of holding out for that extra 1/2 point.

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