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


To: ratan lal who wrote (10663)3/16/2001 5:30:19 PM
From: chojiro  Read Replies (1) | Respond to of 12623
 
What surprises me is how people are still buying all this.

I wonder how many stop orders are sitting at $50? My guess is a lot.

What would bother me as a long is how fast the 60s became history. Couldn't even get back to test $64. That is telling; though I still don't rule it out(never under estimate the ignorance of a bull). $50 will only be the tip of the iceberg.

And now I hear the market is starting to factor in a 75 BP cut. If I were a pessimist(which I am not) I would wish the fed give the bulls as much a cut as they want only to watch them choke on it.