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Technology Stocks : Ciena (CIEN) -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (8953)	5/22/2000 6:28:00 AM
From: James Fulop	Read Replies (1) \| Respond to of 12623

>>coupled with a failure in the rollout of 2 new products<< Some of the press based on the CC gives that impression, but my impression is different from listening to the CC directly. But I guess if the press interprets it that way, it is gospel, no? >>higher materials' costs<< Again, not a black or white situation, as unlike its competitors, Ciena seems to be having more potential problems with the supply of basic electronic components as opposed to optical ones....It certainly looks like a lot of the press, as usual, really does not go into any details, but likes to make sweeping generalizations.... very interesting indeed... PS Not attacking you, but just pointing these generalizations out-I am also guilty of generalizing from time to time.. but they seem to snowball very easily in this general negative market environment...

To: Doug R who wrote (8953)	5/22/2000 10:23:00 AM
From: Rob S.	Read Replies (1) \| Respond to of 12623

That certainly has a lot to do with it. Also what I call "Schools out for summer" theory - momentum investors have become increasingly occupied with other things besides playing "stock market bingo or casino". Volume has dried up dramatically over the past several days and sees no signs of picking up anytime soon. For any significant rally to develop for the NASDAQ or CIEN, buying interest must develop to overcome the vacuum of vacated computer screens imo. As of now, CIEN is down to around 105. This is the first level of technical support - it may bounce here. If CIEN bounces back to 115-120, I will short it more aggressively.