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

To: David Spruiell who wrote (8980)	5/25/2000 8:56:00 AM
From: Rob S.	Respond to of 12623

CIEn may be at a bottom or it may trend down to around 90 as you figured. The China trade deal and general bounce of the NAS and techs on heavy volume favor a shift to the upside for most of the telecom/networking stocks IMO. While some indicators remain bearish, such as the stochastics, other indicators, such as moving average and trading support, describe a scenario in which the stock could rise. CIEN is a highly emotional stock, absent any big news being dependent on a large degree with what happens in the tech and telecom sectors. I think those sectors will help out for at least through next Tuesday. Institutions re-entered the market yesterday and are likely to continue buying the techs at these levels. The forgone conclusion of the China trade agreement will be the "5% solution" that works as a catalyst to propel the failing tech sectors.