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


To: Robert Ling who wrote (11368)7/26/2001 3:12:20 PM
From: Daniel G. DeBusschere  Read Replies (1) | Respond to of 12623
 
It's all about momentum and market psychology-
I have gas refiner stocks that sell for $32 and will earn $8 this year. That's a PE of 4!!! They are not making any more refineries and they are selling 1.5 million new cars and trucks a year and OPEC is cutting back on crude and the the market is still crapping on these stocks. CIEN has great management and great products and MOMENTUM!!! I am betting on it along with the rest of the market.