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Technology Stocks : Ciena (CIEN)
CIEN 178.17+1.0%Nov 21 4:00 PM EST
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To: Nevin S. who wrote (6384)2/5/1999 8:27:00 PM
From: Hector  Read Replies (1) of 12623
 
Nevin,

re: Why no upgrades at 13 but upgrades now at 24:

Interesting how that works isn't it. If you look closely enough, you'll often see a "buy" or better on a stock after it has already been moving awhile. My guess from observing the stock market over many years is that some of the big customers at some of these brokerages want to take their profits. Take a look at previous action in LRCX and GSTRF also. It doesn't mean the run is over. It just means that from here on, the smart money will be selling as the stock goes higher.

Regards,
Dave
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