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

To: Tim Bagwell who wrote (1519)2/24/1998 4:11:00 PM
From: nghi vu  Respond to of 12623
 
margin call selling must be brutal for a lot of margin long out there. I saw a lot of sell of 100 to 300 shares, very typical of margin liquidation. Ouch, I learned that hard learned lesson a long time ago. Thank god!



To: Tim Bagwell who wrote (1519)2/24/1998 4:23:00 PM
From: Dakota Sullivan  Respond to of 12623
 
"It's clear by now that we will continue to see price erosion for a few days as the panic subsides. My guess is this could continue for 5-7 days. Pick your points and average down and then prepare to hunker down for a long dry spell."

Why buy right now at all? Remember this butt-whipping is being administered with the NAZ at a record high. What will stop CIEN from slipping further when earnings preannouncements start next month and the average pulls back 10%-20%?


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