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Technology Stocks : Ciena (CIEN)
CIEN 191.74-1.3%Nov 14 4:00 PM EST
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To: William Nash who wrote (5968)12/22/1998 8:17:00 PM
From: sunfish  Read Replies (3) of 12623
 
I wouldn't even consider selling CIEN at these prices. CIEN will come back. It was very recently above 20, at the very least I would wait until it returns there (why sell at 12 and change), but even above 20 I would consider selling only half and then wait until 30 or so to sell the other half. A move from 12 to 20 for CIEN is a 60% move, not bad, and beats the heck out of a 100 high flyer moving to 120.

When you evaluate the advice that you get (here and elsewhere), you need to remember that when everyone is convinced that the stock is a lost cause, you need to be buying, not selling! I can say this with conviction because buying depressed stocks and holding until they recover (often doubling in if they get even more depressed) has worked very well for me. I may find my first "go to zero" stock some day, but I am betting it won't be CIEN.
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