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Technology Stocks : Ciena (CIEN)

CIEN 218.44

-9.9%

Dec 12 4:00 PM EST

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To: Robert Einstein who wrote (5194)	11/3/1998 6:06:00 PM
From: sam	Read Replies (1) of 12623

"Now if there were bad news I don't think he would come on the tube." I don't think anyone thinks there will be 'bad' news. But will there be news enough to justify the recent run up. Or was the ENRON contract the news we were all waiting for. That's my fear -- and that's why I sold. Clearly, there's no takeover. TLAB's CEO all but said so. Where will CIEN open? Assuming all else is equal (no problems over night), Nettles CNBC appearance should be a boon. So I tend to think there won't be a gap down. Too often, however, I have seen selling into CNBC 'rallies.' So unless we get some good news tomorrow, or the market turns back up strongly, I think CIEN will be heading down. BWDIK, I lost a couple of points today thinking CIEN would gap up.

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