>Let's do the math. Losing $1 a day. At this rate, we will go to
>zero before the mergers are completed. Thanks to CIEN management
>for doing this to us.
CIEN management did a WONDERFUL thing. If you are a short-term
trader, maybe you disagree. If you are a long term investor,
come back in a year, check the stock price, and smile.
These two acquisitions SIGNIFICANTLY enhance CIEN's future
prospects and competitiveness.
If the stock market doesn't get that yet, big deal. This is
very complex technology, and 99.9% of wall street has no clue
about technology - ie, REALLY understanding it. Someday when
CIEN announces the sales/profits from the product line they
are now beginning to form, all kinds of "Buy" ratings will
emerge, saying that CIEN's stock price of $35 should grow to
"our target price" of $44 within a year, or whatever. Those
guys are clowns.
Believe it or not, the "losing $1 a day" will stop well before
it hits zero. Then it will either trickle along, flat price
chart on really light volume (if there is no news/upgrades) or
will suddenly pick itself up off the floor and surge (again)
as it has in the last few months when rumors/news send this
stock up.
Relax and wait. |
