Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Techplayer who wrote (10480)	2/24/2001 8:29:00 AM
From: chojiro	Read Replies (1) \| Respond to of 12623

Hi TP, my short position is doing just fine. Thanks for the concern -g- How's your long position?-gg- So yes, technically, it looks like we are due for a bounce.....remember news screws(works both ways). I am a little disappointed that we did not test 64(I was planning on covering a portion if that held. Guess I should have taken %66. It's not that I was greedy, it's just that I wasn't paying attention to the strength yesterday. I might cover a bit here on Monday as it looks like we are beginning a rally mode with the rate cuts in the air. However, don't be too surprised if it is a sell the news situation. And the longer the Fed waits to cut, the bigger the fall will be(as well as the rally into the cut). I still will be surprised to see CIEN get over $100 again any time soon. Good luck.