** Alert: Second thoughts ** -- as dictated by Gabor:
King Gabor just contacted me from his Mercedes stretch limo. He has to be away from his computer and dictated this message for me to post for him:
"After watching all the MM's, I re-evaluated my position because of the trading today, and other factors [e.g. the small size of the trades [and the GSCO selling ] relative to the very high volume, etc.] and my "feelings." Also, I took another look at the Company. In this process, I am also realizing this is not the same Ciena of a year ago at this time. The loss of the AT&T contract has not in any way closely been offset by the new contracts.
If we forget the run-up from the TLAB prediction and announcement., AND the drop after the deal fell through, I do not feel as comfortable now that Ciena will see the 35 I previously estimated. Therefore, I am putting in a Stop Loss at 20.
As with all of you, I have made very good profits on CIEN during the past week. If I mess-up and leave it on the table, I will have to get a loan from Baldy to cover my SHVA losses --- and I refuse to pay the 18% interest from his Last Nat'l. Bank of Mars!
Please understand: I am not selling, and we could have a run-up to 25 pretty easily. I just don't want everybody to get burned and feel it is my duty to all of you on this thread to tell you my new feelings and what I am doing.
If "my secretary's" spelling is worse than mine, God help us all!
Regards,
Gabor"
Gabor's secretary [and Caddy!] |
