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Technology Stocks : Ciena (CIEN)
CIEN 191.74-1.3%Nov 14 4:00 PM EST
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To: gbh who wrote (3204)9/16/1998 5:30:00 PM
From: Helios  Read Replies (1) of 12623
 
There is still tremendous downside risk in this stock, 50% at this point I would say. Simply because there are no buyers around and there won't be for a long long time unless or until there are some major positive developments. A few contracts even large ones are not going to do it either, the psychology is just not in place. Still lots of sellers though - holding Ciena at this point is like holding a week old tuna sandwich in the fridge - it may still be good and nutritious but who wants to take a chance. Why not go to MacDonalds and pick up a few other internet stocks instead.
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