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Technology Stocks : Ciena (CIEN)

CIEN 201.71

+3.1%

Dec 5 4:00 PM EST

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To: Craig Rogers who wrote (5164)	11/3/1998 2:37:00 PM
From: mmeggs	Read Replies (2) of 12623

Here's my take: This buildup wasn't for some contract announcement with Enron. Maybe in part, but not all of it. Look at the options volume. Look at the total shares traded in the previous 3 days. It NEVER had done that, not even on the worst (or best) days. There were some very heavy hitters who moved in to this stock in a big, big, way. And they are still there. I took some profit and got back in at about 19. I wasn't going to hold through tomorrow, now I think I will. I didn't expect this announcement today. I think CIEN has something bigger up its sleeve. Oh, and I predict a positive close today for the market. And the Broncos are going undefeated. IMHO, as always. mmeggs

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