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Technology Stocks : Ciena (CIEN)

CIEN 201.46

+2.9%

Nov 6 4:00 PM EST

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To: jach who wrote (2960)	9/12/1998 1:07:00 PM
From: Curbstone	Read Replies (1) of 12623

To All, Until yesterday I would have classified myself as a "weak hands" shareholder. I went long on Ciena at about $34 and sold two other stocks for small losses to do it. Immediately after this the AT&T news came out and Ciena stock got hammered. Ever since then, especially in light of the recent drop in the DOW and all the bargains it created, the cold sweat from my twitching trigger-finger has been dripping on the sell button. I have been carefully reading each and every post on TLAB/CIEN as if the next one would contain the final straw of information that would make my decision final. I'm glad to say that my resolve to hold on is growing stronger every day. I believe the AT&T news was a desperate act, and the partial contract loss is just life in the fast lane. At $34 Ciena is a bargain. It doesn't matter what happens regarding TLAB. Ciena can and has stood on it's own and is certainly a $50 stock in it's own right. If TLAB walks, Cisco or someone else will snap them up in a heartbeat. The market is so volitile right now that more than likely the best place to be is cash. As far as I'm concerned, CIEN at $34 for 2 months is far better than cash. Aloha "Strong Hands" Mike

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