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Technology Stocks : Ciena (CIEN)

CIEN 200.29

+2.1%

Nov 26 4:00 PM EST

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To: Fran who wrote (6909)	4/6/1999 11:30:00 AM
From: Robert	Read Replies (1) of 12623

Think of water enetering a bucket with a hole in it. If more water leaves (sellers) than enters (buyers) the bucket will empty no matter how much water you add. Unless there is supporting volume at lower prices, any rebound is just temporary...It seems to me that volume is abating.....Just checked the intraday chart...There was good buying in the $18-19 range and the biggest drop early intrading had the lightest volume.....Moderately positive tone....Maybe it was the lucent announcement, which does seem very significant as they will have product by December.....The analysts will have to review this announcement, as I don't have the technical knowledge to assess its impact.....R

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