Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 191.74

-1.3%

Nov 14 4:00 PM EST

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To: sunfish who wrote (5986)	12/23/1998 7:18:00 PM
From: john dodson	Read Replies (1) of 12623

Agree that the bulk of tax selling is done before mid December. However, in my experience the last 2 weeks of December can be especially bad for selected stocks that have lost an unusually high amount. Reason being, folks hold out hope until the last possible minute to get back as much as possible. Ciena definitely fits that category. Mere months ago it was trading over $90, now down to $14 3/8 today (and that's up $1 1/2 today!). My guess is we could see additional pressure on Ciena through next week. After that, we'll see. -John Dodson

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