Jeff;
I'm truly not qualified to answer your question for at least two reasons.
1. in general, I am a long-termer
2. am just beginning to learn some technical charting tools
Having said that, see link below. It appears oversold to me.
cbs.marketwatch.com
However, depending on your timeframe and goals, CIEN is still a bargain in my book. I believe due to all the recent events, that she is still very susceptible to the slightest bit of news, good or bad...making CIEN fairly volatile for short-term "players." If you believe, like I do, that Ciena's fundamentals are strong, specifically top-notch technology and that many would LIKE to acquire her (whether current politics in optical-networking arena allow it or not), then Ciena has nowhere to go but UP in the future.
I currently do not hold a position in Ciena, but that's ONLY because I can't buy everything I would like to own, and resist using margin dollars as much as possible. When my own portfolio recovers a bit more (hey, I'm heavy in Tellabs....need I say more? LOL), I would assume I could double my money in 6-12 months, at the least, even if I bought at $25.00/share, either via a buyout or via Ciena's own stand-alone growth.
How's that for a long-termer's gut? |
