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

To: tcd who wrote (11301)	7/6/2001 7:24:55 PM
From: chojiro	Read Replies (1) \| Respond to of 12623

i don't care. I'm bet you don't. I'm sure you have many other things to concern yourself with over this weekend. Don't worry too much though. Chances are enough people will forget about valuations over the weekend. Valuations like CIEN carrying a PE of 170+ They'll probably focus on how far down it's come recently. But as sure as I tried to warn people on this thread for over six months, valuation will come into play one day, and that day will likely come in mid August when they have to lower(considerably) future guidance. Than people will wake up. And God forbid they warn(which I am on record as believing they won't) but if they do, my $25 target will be extremely generous. In fact, after I listen to the CC and read the report, I maay have to lower my $25 target to $5-$10 range. I wonder if you will care than. P.S. As braash as I may come off, I do sincerely hope you and others are not on margin. I do not like to see people lose money, it's no fun, as we all have experienced it before. But if some people can't see the writing on the wall, than there is nothing I can do to help. Hell, I believe I'm on ignore by most people on this thread any how. That's too bad because since I started suggesting the bottom is falling out, Cien has lost close enought to call it 70%. So on a more discussful note, anyone think most of the early afternoon was margin call selling?I don't think many shorts are covering this time around just yet(except for the day traders). Those who haave been holding short "positions" have a nice coushion now and will likely give it to at least 37 this time. That's 20% from todays close. Good luck.

To: tcd who wrote (11301)	7/12/2001 5:31:52 PM
From: chojiro	Respond to of 12623

Hi tcd, hope you are feeling better after you got that PM off your chest. I know I do after my response. And honest, if no one wants to reply to my posts, that makes no difference to me. What matters to me is where the stocks I have positions in are headed. So with that said, I will try to get on topic to please the police here-g-. I got stopped out of some of my position yesterdy at 30.70 and and came close to getting stopped out of more today set at 36.8. And for the simple fact of enjoying to share my views of things, I have further stops in place at 38.2 and 41.10 If those get taken out, CIEN will become my second largest short position next to VRTS which I shorted a week or so ago at 68.5. I did screw up there and tried to day trade it(vrts) and lost a bit yesterday, but just this morning added 50% to my position there at 55 and 55.12. i currently have stops for some of the position at 58 and 58.2. I won't sit here and say I wasn't foolish for not covering yesterday at 29. I admit, I saw the writing on the wall, but let my ego take over. That is the most difficult thing for me to over come; thus my stops which I 95% of the time stick to. Further, on the broader market(if I may digress), I won't try to make myself believe that we filled an important gap on the COMP and could run further. But how much? It isn't fun giving back profits, but sometimes it is necessary when keeping the faith. Oh,I also got taken out of my full short position in BRCM from just under 43 covered about 38 yestersay. I gave back 3 points on that too because of my ego. One thing for sure, this market is great at humbling both bulls and bears. Take care of your self(sincerely), and if I didn't comment on your cynical $5 on CIEN in the PM, I don't think it will be seen. At least not in the year 2001.