Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 191.74

-1.3%

Nov 14 4:00 PM EST

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To: jach who wrote (4430)	10/19/1998 7:24:00 PM
From: Doug Gallian	Read Replies (4) of 12623

I'd like to see CIEN go up as much as the next guy, but I don't understand why people here on the thread and apparantly some analyst on Wall St. have totally misunderstood Mike Birck's comments today. I recorded it and have rewatched it 5 times and NO WHERE in the conversation did Mr. Birck make the statement or give the impression TLAB was aquiring CIEN! He simply stated that CIEN is low ($11) and attractive however he knows CIEN isn't interested in being bought at these prices because "they see themselves as a $30 to $40 stock". Why is everyone buying into HYPE and misstating what was said today? Our stock will move on it's own without the hype. Unfortunately like back in Sept, I'm afraid these rumors will only serve to depleat the price when the air is let out of the rumor and the stock is left for the daytraders and short sellers! doug

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