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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: craig crawford who wrote (3383)2/21/1998 9:20:00 PM
From: Eric Klein  Read Replies (1) | Respond to of 18691
 
>Don't hold your CIEN short for too long<

I already closed it out at 41. My advice to you, though, is not to hold your CIEN long too long. 10 times sales is still pretty steep. Not to say that CIEN isn't the exception, but high-flying companies sporting very high price to sales ratios historically underperform the market. Especially those high-fliers that fall out of favor with the investment community. Analysts hate surprises.

You may see a price bounce in the next few days.