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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: david barr who wrote (33037)	10/11/2000 7:48:23 PM
From: gdichaz	Respond to of 54805

Re Ciena: Should have mentioned Ciena as one of the horses in the fiberoptics race which has been a Phoenix rising from the ashes of the fire Lucent/AT&T torched - a flying horse maybe <g>. A prince with attitude (?). Best. Cha2

To: david barr who wrote (33037)	10/16/2000 1:04:07 PM
From: StockHawk	Read Replies (1) \| Respond to of 54805

For all those longs out there that need some encouragement I thought I would reflect back on a previous October. I picked October 1998 and a fantastic stock CIEN. David, quite an interesting post. I remember the fall of CIEN. It crashed and burned, from a high over $45 (7/98) to a low below $5 (10/98). Despite having good technology and a seemingly bright future Mr. Market killed the stock. I would imagine that most LTB&H types felt pretty bad when the stock dropped under $5, and assertions that one day it would again see new highs were probably laughed at. The recovery was not quick, and the stock did not leave the single digits behind until April of 1999, but recently it traded above $125 ($128 as I type this). There was close to an eight month time period during which bottom fishes could have bought the stock for less than $10 and anyone who did would have made from 12 to 25 times their money in less than two years. Of course there are many risks in buying a fallen angel, but perhaps this brings to mind what a nice gift the market has presented many of us with QCOM these past few months, for those daring enough - or foolish enough - to sieze it. StockHawk