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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: RR who wrote (8196)10/16/2000 2:52:37 PM
From: Venkie  Respond to of 65232
 
Time to sell bvsn<gg<..breaking out with huge buyers



To: RR who wrote (8196)10/16/2000 2:55:42 PM
From: Sully-  Read Replies (1) | Respond to of 65232
 
Hey RR,

My EXTR Dec $80's are a triple on the bid right now. If you were to sell them, what March strike would you roll it our to?

Appreciate your thoughts.

Ö¿Ö Tim



To: RR who wrote (8196)10/16/2000 9:39:49 PM
From: RR  Read Replies (1) | Respond to of 65232
 
CIEN rumors post off CIEN thread. Oh yeah, go go go.... RR <eom>
___________________________________________________
To: James Fulop who wrote (9666)
From: James Fulop Monday, Oct 16, 2000 8:49 PM ET
Reply # of 9672

Ciena Surges on Deal Rumors
--------------------------------------------------------------------------------

Ciena Corp. (Nasdaq: CIEN) is in the latter stages of negotiating two large contracts with major competitive local exchange carriers (CLECs), according to Light Reading sources.

Rumors of the potential deals, as well as positive feedback from Ciena's financial analyst meeting, have boosted the shares of the optical networking company nearly 20 percent in the last two days.

One Wall Street source, speaking under condition of anonymity, said rumors of the deal were circulating at Ciena's financial analyst conference, held last week. A Ciena official confirmed that some large announcements were expected to be made in the coming week but responded with a "no comment" when asked about particulars.

On Monday Ciena stock rose $7.28 (5.69 percent) to close at $135.16, nearing all-time highs for the shares.

Last week brokerage firm S.G. Cowen issued comments on Ciena, saying that its fiscal fourth quarter, which ends October 31, was "tracking well," following the analyst meeting.

The potential deals, not yet signed, were described by sources as "large," in the $100 million dollar range. They involve Ciena's CoreDirector optical switch.

lightreading.com