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

To: Alidotr who wrote (11434)8/15/2001 11:45:57 AM
From: chojiro  Read Replies (1) | Respond to of 12623
 
Good luck. I still think this is a falling knife.

I was actually looking for a reversal this morning, but as I mentioned last night if you look at 30 minute charts, the selling is consistently in the morning on LARGE volume. They bid it up in AH and premarket. it's all a set up designed to take your money.

Does anyone here see and signs of s reversal on the charts? Yes, again, I see the support here, but what's that saying? Third time is the charm? We either bounce here or take a nose dive. Earnings and CC tomorrow AM will likely be the catlyst



To: Alidotr who wrote (11434)8/15/2001 12:45:42 PM
From: chojiro  Read Replies (1) | Respond to of 12623
 
Can I ask what your stop will be?

I believe we just hit a new 52 week low, and lost (albiet perhaps temporarly) support from the last two tests since April.

Don't grab onto the coffin to tightly, they might try driving the last of the nails in soon.


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