Ciena (CIEN) Message Board

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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 6:28:00 PM
From: still learning	Read Replies (1) of 12623

I don't believe it's worth something in the middle (between 19 and 90), except maybe the middle teens. Today's drop is because it's being artificially propped up at $20 by takeover rumours that are not (as yet) founded on reality. The new contracts are probably worth a buck or two in stock value, add to taht the 2-4 it was oversold (starting from 12)and you get the 15-18 range. My serious guess is it opens up and retreats to 16.

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