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Technology Stocks : Ciena (CIEN)
CIEN 193.35-4.5%Dec 3 4:00 PM EST
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To: gbh who wrote (4142)10/8/1998 12:55:00 AM
From: pass pass  Read Replies (1) of 12623
 
I agree with you that CIEN has no bottom in sight. It can go down below $5 a share. I have never seen a high-tech stock falling this fast: 90% so far in 3 months. This must be a Guiness World Record. But as people say: Today's closing price is today's fair value. I just wonder if this is another SHVA or NSCP. The only difference I see is that CIEN at least was approached by some suitors and the best way out for CIEN's shareholders or management or employees is probably a buyout.
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