Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 200.29

+2.1%

Nov 26 4:00 PM EST

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To: hoffy who wrote (5541)	11/21/1998 2:43:00 PM
From: Scott Bergquist	Read Replies (1) of 12623

Options Expiration.. I agree this is -not- manipulation due to options expiration..that is usually characterized by a stock price very close to a strike price, to cause maximum pain. Price action hovering around 17.5 all day, to close at 17 7/16, I would characterize -that- as options-related. No news on the wire...??!! Think this through. If there was news, then the stock would rise to meet the announcement. You wouldn't see "merger talks with Cisco, buyout at 35....CIEN rises to 18.25". I think you see here buying by big players (GSCO, MLCO) at this price, with an acceptable price (18) factored as to likelihood to the truth/timeline of a buyout scenario. If there is more "leakage" (maybe someone stands at the airport watching for "names"??) you will see a concurrent rise Monday..

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