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

To: MIKE REDDERT who wrote (11418)	8/11/2001 1:12:29 AM
From: chojiro	Respond to of 12623

Mike, In my last post that you reference, I am not chastising anyone on this thread that is long, if that is your implications. However, my intention was to point out how absurd brokerages can be and often are. You'll notice that with in a two month time span DB Alex Brown did aa complete 180° on their outlook for Ciena. June 19th They come out and slam the company's future quarter. the price opens at 40+ and tanks down to 28 and change about July 10th. Approximately one month after that bottom, the stock is back to where it bottomed earlier. If I was a conspiracy theorist, I would suggest that Alex Brown was buying on they negative comments. Now that the stock has fallen back to the lows they come out and defend the companies future guidance with(get this) an upward surprise. Glad I don't believe in stock manipulation(g). Finally, and I hate to nit pick, but ... And I'm sure you know that your risk is without limit, while theirs is finite. To begin, my risks are limited to aa large degree as I usually have a few or more stops in place depending on the size of my position at any particular time BTW, I think you errored in your terminology for those long the stock. I believe the word you were meaning to us is "infinite"- Sure, the stock can run up to $50,000/share and still have infinite potential. But lets work off a more realistic picture, okay? finite finite SYLLABICATION: fi·nite PRONUNCIATION: fnt ADJECTIVE: 1a. Having bounds; limited: a finite list of choices; our finite fossil fuel reserves. b. Existing, persisting, or enduring for a limited time only; impermanent. 2. Mathematics a. Being neither infinite nor infinitesimal. b. Having a positive or negative numerical value; not zero. c. Possible to reach or exceed by counting. Used of a number. d. Having a limited number of elements. Used of a set. 3. Grammar Of or relating to any of the forms of a verb that can occur on their own in a main clause and that can formally express distinctions in person, number, tense, mood, and voice, often by means of conjugation, as the verb sees in She sees the sign. NOUN: A finite thing. ETYMOLOGY: Middle English finit, from Latin fntus, past participle of fnre, to limit, from fnis, end. OTHER FORMS: finitely —ADVERB finiteness —NOUN education.yahoo.com. ~~~~~~~ So in closing, I wish you the best of luck with what ever investments you maay be involved in.

To: MIKE REDDERT who wrote (11418)	8/11/2001 1:27:05 AM
From: chojiro	Read Replies (1) \| Respond to of 12623

Now Mike, assuming(I know I assume a lot) almost everything in life is a gamble. I usually don't make wagers where I feel I am at a disadvantage. Do you want to look at the all the other economic factors that are at work here in this market? Fo you wamt to get into Ciena's future potential with current economic outlooks? Do you want to discuss their TTM PE of 166? Or do you like to look through rose colored glasses at price to future estimates. My guess is they come in with the right numbers but revise future guidance- to the down side- just a hunch. That's like trying to predict the last frost date while still in the month of Janurary. We are not out of the woods by any stretch of the imagination. Are you long Ciena? have you done any comparisons of their guidance opposed those numbers that have come in by competitors? Does it matter who is king of the hill if the hill turns out to me an ant hill? Am I bashing the company? I don't think so. Am i critical of the baluation placed on the stock? You bet I am. Do I believe they are still grossly over valued? You bet. But does that mean I will continue to be correct in my projections? No, we all know the market is not a rational play ground. However, those that think we have over shot the downside as much as the bubble inflated things, I strongly disagree. Time will prove one of us right. Again, Good luck.