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Technology Stocks : Ciena (CIEN)

CIEN 202.50

+0.8%

Dec 2 4:00 PM EST

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To: gbh who wrote (3303)	9/18/1998 4:45:00 PM
From: Glenn D. Rudolph	Read Replies (2) of 12623

Glenn, this stock continues to bleed. There are buyers now, but sellers still have the upper hand. The small to mid networking sector is a mind field these last few months. I'm wondering what I am doing here. Currently holding PAIR at 9 1/2 and CIEN a little over 16. I guess ASND is keeping me whole. Also, looking to re-enter CSCO soon. Are you still in AMZN? Gary, I am long AMZN but I did write some 45 Sept covered calls so 1/2 my shares should be called away. I also have PAIR and CIEN. I am confused at why I permitted myself to hold it for this much loss. I am being cautious on CSCO. I belive Asia may hurt thema bit this quarter and then will buy after that. Pure speculation there. I have actually done well on the long side recently. Bought JBL, ORCL and INTC about a month ago. Also, AOL which I feel is over priced but the market loves them.My largest problem is still my short AMZN. Glenn

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