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Technology Stocks : Ciena (CIEN)
CIEN 243.79+2.3%Jan 15 4:00 PM EST
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To: Kachina who wrote (2785)9/9/1998 3:49:00 PM
From: Kachina  Read Replies (1) of 12623
 
Reflecting - I think that buying now is a good move. Nothing fundamental has changed.

I think that Ciena can and will continue to innovate and lead. In their leadership position, they have a franchise that is unbeatable. Out of their leadership position - they suck. That is expected. This type of company actually gets hurt when they sell low margin old product because it distracts them from their strength. That is one reason why CEOs of such companies like to keep their low end prices higher, because their business model needs more money out of it.

Sometimes a company can create an autonomous division to take the old stuff and tighten up cost controls, etcetera. But even that takes energy and time from the CEO and staff that is better spent elswhere.

This stock is kicked in the head. It may drop a little with the triple witching coming up - maybe. But I think a long on this is a good risk now. Going in.
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