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Technology Stocks : Ciena (CIEN)

CIEN 196.24

+0.8%

Nov 25 4:00 PM EST

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To: Cents who wrote (5535)	11/21/1998 9:08:00 AM
From: hoffy	Read Replies (1) of 12623

>>>>I'd give this rumor a survival rate of one and a half week before it dies down<<<< Exactly. The runors may or may not be true but why not capitalize on it. As a long term investment I don't know where CIEN will go to but in the short term the takeover rumors are enough to get this into the mid 20's. From here you can buy at say 19 or 20 on Monday (probably where it will open) and in a few days make 25% on you money. Not a bad deal. These rumors always last at least a few days and will probably stay around all next week. It'll be a happy Turkey day with CIEN sitting at 25. Then it can do whatever it wants. I'll be out of it with a few thousand bucks in my pocket.

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