Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 201.46

+2.9%

Nov 6 4:00 PM EST

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To: vin kirplani who wrote (2892)	9/11/1998 12:14:00 AM
From: bits	Read Replies (1) of 12623

Ciena: I think it's simple. Ciena is vulnerable to short sellers. There is some negative news from Ciena, they have only a few customers, lots of stock to short, so traders create and embellish negative news. It is a bear market, bad news (rumor or not) scares investors (Remember War of the Worlds). No buyers, some short sellers, stock goes down. Shouldn't have been in the 90s in the first place. Talk it up, talk it down. Bull & bear Greed and fear. Keep in mind that enough money can move any stock higher or lower regardless on the fundamentals of the company. Create margin calls, stock goes down more, shorts have more money to force it down more. Same deal on the upside. Shorts were killed for the last 8 years, now the longs are getting killed. How to play this? That is up to you.

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