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

To: Daniel G. DeBusschere who wrote (10698)	3/20/2001 5:04:43 PM
From: chojiro	Read Replies (1) \| Respond to of 12623

Daniel, good decision staying in cash right now, IMO strictly. However, I don't agree with your assesment of the Fed's action for more unobvious reasons. My biggest beef with the US is our spending habits. Would anyone who grew up during the depression ever go into debt? And at the amounts regular citizens are at? This problem is bigger and beyond the Fed's reach- though I'd bet they pay attention to it. Any how, that's besides the immediate point that CIEN is still, IMO overvalued as a stock- using traditional(still optimistic) valuations, and it will continue to slide until it isn't. What happens if they can't meet even 50% growth for the next year(forgetting about two years out)? What happens if growth turns negative? Do you even believe that can happen? I do. But I don't think it will happen just yet, and may not. Just some stuff to ponder before you do a LTB&H thing here. Who knows, I may be completely dumb to this and be proven thread clown by this time next year. What ever decision you make, I wish you the best of luck.