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Technology Stocks : Ciena (CIEN)

CIEN 200.29

+2.1%

Nov 26 4:00 PM EST

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To: W Sheffield who wrote (6998)	4/14/1999 8:34:00 PM
From: Patric	Read Replies (1) of 12623

<<what is the upward resistance?>> Well, we KNOW there is resistance at 29 1/4, but CIEN is not likely to reach that again without one or two intermediate stages, IMO. 14? Load my wagon up full if we dip down that low!!! The Omnia and Lightera deals look to me like good long-term moves by a company that intends to compete. CIEN may still get bought, I suppose, but that does not appear to be part of the current business plan, IMO again. #B~}>

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