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


To: Ibexx who wrote (11376)7/26/2001 8:51:52 PM
From: MIKE REDDERT  Respond to of 12623
 
Those money flows have been almost palpable in the past few days, and even after the JDSU release, traders refused to sell it down... that's odd... and notable.

Mike



To: Ibexx who wrote (11376)7/26/2001 9:46:12 PM
From: GraceZ  Read Replies (2) | Respond to of 12623
 
the stock had positive money flows for days despite high degree of price fluctuation - a clear case of manipulation

Manipulation has nothing to do with it. Money flow and price only correlate over the long term, in the short term there is almost always divergence but then if you watched money flow on a regular basis you already knew that, right? Unfortunately you are probably watching a money flow indicator that isn't worth chit. The only way to get an accurate money flow measure is to use "every trade" and almost no one does that because of the sheer amount of data that needs to be crunched. Stocks can have negative money flow for months and the price soars and visa versa, the stock can have positive money flow and the price does a steady decline.



To: Ibexx who wrote (11376)7/27/2001 1:45:19 PM
From: Daniel G. DeBusschere  Respond to of 12623
 
I bought back my position this morning when CIEN approached yesterday's close on heavy volume. The neighborhood is very lousy but CIEN is still a pretty good house. Sometimes when disasters get so big, the market just goes into shock and does not normally react. I think we are in this condition now and until someone beats $50 billion in writeoffs, we should be OK for some gains. I intend to accumulate on any further weakness.