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

To: chojiro who wrote (11470)	8/18/2001 10:12:40 AM
From: MIKE REDDERT	Respond to of 12623

Chojiro... I suspect that CIEN just went on the short hit list, meaning that every time it peeks it's head up, they'll smack it. But since it's a tier 1 optical player, and thus prone to bottom-fishing, it should get a small bounce in the next 2-4 days. That will allow the elusive "they" to get the premiums back in the options. As to the ultimate bottom, I'm fuzzy... there is little doubt that there will be sustained downside pressure for quite some time... not huge, but drip by drip. Where it comes to rest is anybody's guess... care to venture one ? Mike