Ciena (CIEN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ciena (CIEN)

CIEN 191.74

-1.3%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bald Man from Mars who wrote (4030)	10/6/1998 2:31:00 PM
From: Asymmetric	Read Replies (2) of 12623

Nasdaq now down a further -34 on top of yesterdays Nasdaq drop of -78 (-5%). Gotta believe this general selling is being fueled by individual (and maybe even leveraged institutional) investors getting margin calls from yesterday's carnage. Also believe lots of corporate employees just now getting their 401K reports and shocked by drops in their fund accounts of -10, -15, or even -20% (or more even) are switching assets to those areas perceived less risky. Funds, faced with calls for redemptions, and fund inflows drying up have to lighten up their portfolios and are selling losers, any stocks down 70%, 80%, 90% or more...(and if you run a scan there are tons of Nasdaq stocks that are down that horrendous amount) being kicked out of portfolios regardless of "value". Wall St hates losers with a passion and that's how Ciena is percieved right now. Right now my advice BMFM is stay away from any stocks that start with the letter "C" like as in Ciena, CBT Group, Cymer. (just a joke there folks).

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next