Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 193.35

-4.5%

Dec 3 4:00 PM EST

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To: deke leatherman who wrote (4307)	10/14/1998 10:18:00 PM
From: Edward Ip	Read Replies (1) of 12623

>The BMFM may yet be right in his 5$ prediction. Where is he lately? Actually, I do not doubt the $5 prediction. However I will wait until few days after the option settle day just to see what happens. I won't be suprise that people start to cover their shorts after the options expire. Tomorrow to mid next week this stock can be pretty volatile, especially since there are over 55,000 Contracts with strike price over $10. They will all expire this Friday. 55,000 contracts = 55,000,000 shares of CIEN In the range of $10 - $15 there are total of 20,000 OIs That's a lot of shares SO guys do the math. I think the next 5-7 trading days are gonna get pretty interesting. Ed

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