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

To: Hector who wrote (1594)	2/26/1998 9:01:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 12623

BTW, re: Ciena. I learned a long time ago not to confuse fundamentals of a company with stock price. Ciena is a fine company, but I gather from your posts that you expect the price to come back fairly soon. I suspect we'll see 25 before we see 50. Once a stock, tanks the way Ciena just did, a new trend (down) in psychology has been set in motion. It will take quite a bit of time for this trend to reverse again. David, I would agree with that statement almost in its entirety. However, I anticipate CIEN to break the rule. The sell off was not due to a stumble nor a perception of being behind the technology. Rather, the sell off is due to fear about the number of customers. Once that issue is dispelled, I believe CIEN will come back strong. I believe that to be soon also. Glenn