>>A) Not all the shares which were available to be sold were unloaded onto the market after the
lock-up ended.
B) Ciena was even able to unload a secondary offering onto the public without causing the
price to drop.
C) After the lock-up expired and the secondary was completed the stock STILL found
enough buyers to DOUBLE.
D) After all the CIEN shorts gave up on the company, THEN it plummeted.
Timing is everything.<<
With all due respect Craig:
1) the price of CIEN DID drop TWICE last year from 60's to 40's. LOOK UP the WEEKLY CHART.
2) The price WAS ALSO PUMPED WAY UP before the drops.
3) The price doubled after the dumping was all done with, which is normal. I plan to BUY LONG but not till after the BIG drop, so why not ride it both ways.
4)You have admitted to few things last night:
A)) BRCM is too over-valued.
B)) BRCM will come down, but the question was WHEN. We now know when,
OCTOBER - NOVEMBER. Thats is good enough for me, but I think it will start sooner as institutions will begin to abandon ship temporarily.
5)The market last year was WAY TOO BULLISH, NOW IT IS a BEAR market which has no tolerance for such crazed valuations.
6) How do you explain such PUMPING SPIKES on extremely LOW LOW VOLUMES? It is usually the signal for the DUMPING imminence.
7) TIMING IS EVERYTHING, and I have the time, but I just do not want to miss out on this babe.
SOMETIMES, I am 1_MONTH_TRADER if I have too. :)
Craig, do not fool yourself into thinking that these spikes of $4-5 a day will last, you should know that as a SHORT SELLER.
I wish you the best of luck :) |
