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


To: pat mudge who wrote (11500)9/3/2001 3:12:19 PM
From: orkrious  Respond to of 12623
 
Hi Pat, glad to see an old (not literally) face. I bought in the day CIEN warned. Of course, I was too early at 19.75. I also bought some ONIS at 14.75 the same day. With any luck, in six months my purchases will have been a steal.

Jay



To: pat mudge who wrote (11500)9/4/2001 7:32:31 AM
From: jghutchison  Respond to of 12623
 
Pat,

Your analysis serves to debunk the FUD that a couple of posters have been laying on this thread regarding insider sales. Nice job, as ususal.

Jack



To: pat mudge who wrote (11500)9/4/2001 9:13:37 AM
From: chojiro  Read Replies (2) | Respond to of 12623
 
Hi pat.

Does valuation come into play when you open a position in a stock?

It's still my opinion that CIEN has a long way to come down as related to stock price. Yahoo! is shoeing a P/E of 152 still. Is that correct? Yes, I understand that would be TTM.



To: pat mudge who wrote (11500)9/4/2001 2:19:06 PM
From: cuemaster  Read Replies (1) | Respond to of 12623
 
insider dumping is always good for the stock price and
shareholders especially if it is in "steady" 45,000$
blocks.lol



To: pat mudge who wrote (11500)9/4/2001 2:52:58 PM
From: DukeCrow  Read Replies (1) | Respond to of 12623
 
<< I also looked at Pat Nettles's sales and they're as regular as breathing. He basically sells 2600 shares every day during those times he's not restricted. [As of 6/29/01, he had over 5M shares, not including options.] >>

So does the recent proposed sale of 166,400 restricted shares alarm you at all?

biz.yahoo.com

As you said, his selling has been quite regular in the past, so this huge sale kind of stands out.