Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 191.78

0.0%

Nov 17 4:00 PM EST

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To: MThree who wrote (3654)	9/24/1998 9:51:00 AM
From: gbh	Read Replies (1) of 12623

Mthree, considering CIEN started the recent rise from 11, there is now reason to fall back to 10. The rise from 11 was on very high volume. The funds and institutions doing this buying, were buying both buyout potential, AND perceived value. Well, the immediate buyout potential may be gone, but the perceived value piece is still there. This will give us all a chance to see thetrue current value of our stock. I suspect the stock settles somewhere in the 12-13 range by tomorrows close. The stock was due for a bounce anyway. 10-11 appears (at this point anyway) to be the oversold region.

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