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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trader who wrote (30862)	12/10/1997 3:41:00 PM
From: James H. Irwin	Respond to of 58727

TT After the close CIEN is reporting, supposed to be a good quarter. Salomon Smith Barney looking for $120M revs and 33 cents. should meet or beat numbers. they view as "the most attractive, pure play, on the rapidly growing demand for fiber optic transmission systems." Coming out of a base on a 5 minute chart. I bought a g at 54 3/4 just now. For what its' worth to the TSO crowd. Bon Chance. Jim P.S. Volatile trader.

To: Tom Trader who wrote (30862)	12/10/1997 4:08:00 PM
From: j g cordes	Read Replies (1) \| Respond to of 58727

Tom, are you sure you're talking techs washout in '83? Not a typo.. many of the techs were infants or didn't exist then. On techs currently being overdone... yes and no, here's why. So many have split so many times that price does look lousy, split adjusted some don't look so bad, like DELL and CPQ. If this is a "real" breakdown we're seeing in the sector then we have to stop thinking of occilations within the trend, and think in terms of a business induced bear correction... something altogether different. I'm not saying that's the case, but some of the charts are pretty close to it and hinting that there's more to this selling than profit taking. Sorry to paint such a long winded background but you brought up 1983. When things get really oversold, there's a sure sign for me that its hit bottom. That's when industries start buying themselves... remember when oil was cheaper to drill on wall street than in the ground. When there's a pickup in tech acquisitions (which seems to be happening), then speculative prices have been wrung out to a level of business fundamentals. My sense of this current market is that if there's a blue chip rout, it will be a wonderful time to pick up techs.. I'd be satisfied that they won't capitulate much more and would first or second out of the gate on a rebound as an oversold and still in great demand sector.. unlike something like gold, which may rebound but is no longer an economic necessity in banking systems. Perhaps you can throw two cents at this question... ?Whenever Asia comes out of their slump, it may be with the bailed out vigor that our own banking system has had, except that both techs and banks will be flying. Happy trading. Jim