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

To: Red Dragon who wrote (1200)	2/4/1998 7:08:00 PM
From: nghi vu	Respond to of 12623

There could a variety of reasons. Earning announcement is due in about 2 weeks and of course the Lucent's announcements. In addition Newbridge got wack today dragging down both AFCI and CIEN. The stock will stay between 50 and 55 until earning announcemt in my opinion. If CIEN beats estimate, the stock will run over 60 again. Same development as last quarter in my opinion

To: Red Dragon who wrote (1200)	2/4/1998 9:46:00 PM
From: Tim Bagwell	Read Replies (1) \| Respond to of 12623

I've been watching CIEN for a point to jump in. If I see 50 I'm diving in with an expectation for an up-beat earnings statement. Forward P/E is getting close to 30 which is a bargain. Earnings upgrades have all been positive over the last 60 days. The only bad news is that LU forecast a new product for next year. Whoop! It isn't unusual for tech's to shed a few points before the announcement. It's nervous nellies running for cover. They shouldn't even be in the stock market because they don't know what they're doing. It's a buying opportunity.