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

To: Ibexx who wrote (11798)	2/10/2002 7:36:24 PM
From: Qualified Opinion	Respond to of 12623

I don't short stocks. However, I took the rose colored glasses off a long time ago. Furthermore, I give no credibility to most broker analysts.

To: Ibexx who wrote (11798)	2/10/2002 7:55:27 PM
From: chojiro	Read Replies (1) \| Respond to of 12623

Hi Ibexx, for as long as I can remember, you have been proclaiming your isolation to the down ward pressures on stocks by hedging with options, leaps, etc. At what point would you admit keeping your long positions was the wrong thing to do? How about if CIEN is not trading over $30 in three years? Or JNPR trading over $63? Or QCOM trading over $70? Etc. etc. and etc.

To: Ibexx who wrote (11798)	2/11/2002 8:22:24 AM
From: jghutchison	Read Replies (1) \| Respond to of 12623

Ibexx, Good information, such as that you provide, is useful to both shorts and longs. However, if one traded or invested only on the knowledge of the here and now one would realize mediocre or negative returns. In order to realize good or outstanding returns one must be able to sort thru all the info out there and, more importantly, project that effect into the future. This is known as the discounting effect of the stock market. When all the bad news is out, the bottom is in. It appears to me that Soundview is saying that the bottom is in and the stocks listed will become stellar performers in the near future as the market recovers. I'm sure you are personally aware of all of this as your trading style and tastes are similar to my own. Jack