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

To: craig crawford who wrote (1259)	2/20/1998 10:56:00 AM
From: nghi vu	Read Replies (1) \| Respond to of 12623

i have 500 share at 49, will hold and sold cover call to reduce my cost basis in the next couple of months

To: craig crawford who wrote (1259)	2/20/1998 10:57:00 AM
From: Gary Korn	Read Replies (1) \| Respond to of 12623

Craig, Good to see you here on the CIEN thread. I jumped in at 44 7/16 average. What is your take on WCOM? It looks like they just delayed for 1Q, but did not end any relationship with CIEN. Hence, market overreaction??? Gary Korn

To: craig crawford who wrote (1259)	2/20/1998 11:50:00 AM
From: The Phoenix	Read Replies (1) \| Respond to of 12623

Craig, I agree with you on this one. I'm in... well I should say.. I'm averaging down on my long here. Gary

To: craig crawford who wrote (1259)	2/20/1998 4:15:00 PM
From: Dakota Sullivan	Read Replies (1) \| Respond to of 12623

Craig, I am not short but I do know of at least a couple of funds who will be puking this baby up for the next six months. Problem here will be that many individuals and funds are in CIEN above 45 who now are scared/turned off and want out. They will create resistance on the upside all the way back up to high 50s. The stock is tempting here as they are and will continue to be a leader in a rapidly growing industry. I may wait a few weeks to get back in though-even if it means giving up a couple points in the long run.