Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 209.84

-2.9%

Dec 16 4:00 PM EST

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To: Sye Walsh who wrote (6112)	1/17/1999 10:29:00 AM
From: Michael H. Dragon	Read Replies (2) of 12623

I find the H&Q comments very timely,the day before options expiration.I went short the stock at 19 9/16 on Friday,I would have never shorted it if I thought they would earn that kind of money,time will tell but I believe the stock is overvalued.It almost seems like easy money if you short this one on expiration Friday, cover several weeks later and go long for the next set of buyout rumors.I find the buyout rumors particularly hard to believe this time with 3 execs. selling stock in late December.Good Luck to all,Mike

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