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Technology Stocks : Ciena (CIEN)
CIEN 210.71+3.3%4:00 PM EST

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To: Sonny who wrote (6166)1/22/1999 4:10:00 PM
From: Guy Costa  Read Replies (1) of 12623
 
Incredible strength on chart

Today's action took out the previous intraday high of 22 1/8 set back on Nov.2nd with very impressive volume. Looking at the charts, there is virtually no resistance up to around 30. Barring a financial disaster over the weekend for the overall market, Ciena should gap up strongly on Monday (just on the technical picture ... of course if there IS an announcement then we have a new ball game). A great trading opportunity coming!

Have a good weekend. Looking forward to the opening on Monday.
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