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

To: Gary Korn who wrote (1511)2/24/1998 1:55:00 PM
From: craig crawford  Respond to of 12623
 
<< Lvl 2. Support at 38 1/2 disappeared >>

Don't worry about support here or support there. When fear and uncertainty are at work support levels do not matter.

CIEN will stop going down when people decide all the risk factors are sufficiently reflected in the price and when sellers are done panicking.

Momentum works both ways, and it's to the downside right now. If people wouldn't have foolishly bid the stock up so high to begin with it wouldn't be so spectacular on the downside.



To: Gary Korn who wrote (1511)2/24/1998 1:56:00 PM
From: Cicero  Respond to of 12623
 
Lucent had full page color ad in WSJ today about their WaveStar Optical solution

kicking CIEN when they are down?

Personally, I am very bullish. Company may achieve the 600 million in expected revenue even with WCOM delays. That shows you the strength of their underlying business.


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