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Technology Stocks : Ciena (CIEN)
CIEN 200.18+2.0%Nov 26 4:00 PM EST
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To: Adrew Thanh who wrote (6487)2/18/1999 5:41:00 PM
From: still learning  Read Replies (1) of 12623
 
You're kidding yourself. Two cents. Down 33% from previous Q?

The MMs don't decide what a stock's worth. You, me, John, and mostly the large investors with real skin in the game make the market. The MM's are a temporary blip on the chart.

This Q was nothing to write home about. With dramatically reduced expectations and a company that fell from 90 you may see some bounce, but not much. In reality this is a stock in disarray which has already gained back some of its losses, leaving its price a bit ahead of its earnings.

I would pick some up in the high teens, which we will probably see in 3-4 weeks, but not in the low 20s. I still like CIEN, and it may still find its legs, but it sure hasn't yet.
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