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

To: Kenneth E. Phillipps who wrote (9664)10/12/2000 3:19:28 PM
From: Agenda  Read Replies (1) | Respond to of 12623
 
<I watch Ciena price very closely. When CIEN drops below 100, I plan on loading up on more Nortel because we will be very close to "capitulation".>

Why is it a buy at 100. That would make a 250 P/E.



To: Kenneth E. Phillipps who wrote (9664)10/13/2000 7:23:13 PM
From: jghutchison  Respond to of 12623
 
Hi Kenneth,

A good strategy, but your target was just a tad too low. Ciena's support was around the 100 mark. We came close on Monday, and I loaded the boat. But I was sweating bullets on my semi stocks. Wow, did they get hammered. Bargains galore. Check out Cymer.

Jack


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