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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: iowamann, Spam Queen who wrote (3176)	9/4/2000 7:22:04 AM
From: Louis V. Lambrecht	Respond to of 100058

Iman - CIEN in on a classical split run IMHO. ex-date Sep 19. Prices are on a linear uptrend on a log scale. Sustainable? Dunno. Re-entered Aug 24 @ 197 1/2. I expect this split run to follow the book, that is a post-split pullback. This one also can happen the session or two sessions before. So I am holding until Fri Sep 15, or break of the 10DMA, whichever comes first. (10DMA is currently your $25 below). Profit taking certainly is a major risk after this run. Taking profit is one thing, shorting this stock is another. I wouldn't be too confident. Also, I am not certain that I would buy some back in the post-split pullback. (Classical split behaviour is a reaction rally to new highs after correction). IMHO, and in the case this rally (even if short lived) is for real, it would be wise to look for strong midcaps.