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Technology Stocks : Ciena (CIEN)
CIEN 209.52+1.0%Nov 12 4:00 PM EST
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To: Kevin G. O'Neill who wrote (5931)12/16/1998 5:57:00 PM
From: Hector  Read Replies (1) of 12623
 
Kevin,

Don't worry Kevin. After it goes up another 20 points, the same analyst will come out with a "strong buy rating". How come more people don't wonder about analysts' rankings? Did you hear the one on Amazon today? The analyst said he could see it going to $400.

What he didn't say was that it will only get to $400 if the "greater fool theory" stays in place for the coming year and under the right circumstances it could also go to $5, which is equal to fundamental value.

Regards,
Dave
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