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

To: Red Dragon who wrote (1785)	3/25/1998 11:54:00 PM
From: craig crawford	Respond to of 12623

<< OFF TOPIC: Craig - Pretty cool Smart Money article featuring you and Silicon Investor this month >> Thanks. They did a pretty good job. Only one small complaint from me. Said I did all my trading out of my mom's basement. Made it sound like I live with my mom like I'm some kind of bum. She has been in S. Korea for several months and I'm looking after her home while she is gone. Why pay rent in an apartment? << No way did I except a full feature article with your picture splashed across the table of contents! Congratulations! >> Wow, I didn't even look at the table of contents yet. There I am! (eyes closed and all). I only looked at the picture in the article on page 110. Didn't know I was in the table of contents. Did you see in the article they reprinted part of one of my CIEN posts? It was this one. exchange2000.com << I've been meaning to ask you: when Ciena was running into trouble a few weeks ago, you said you sold your holdings and put them into yahoo for the upcoming short squeeze, also expecting AOL and AMZN to spurt upwards. Another great call. I got burned since I sold calls on AOL a couple of months ago. How did you know???? >> Well I was already long YHOO so I had been following it closely. I was waiting for it to break out on huge volume to buy more. I'm glad your asking me about my successes. <g> I'm short a small amount of AOL right now and it hurts. I haven't dared to add to it. Anyway I use sentiment as a big factor in my trading. Sentiment on YHOO was extremely bearish, and there was a lot of short interest. When Clinton said no new taxes for internet that was the impetus to cause a squeeze. All the internet stocks jumped that day. I respect Cramer's opinions on YHOO and he was bullish as well. I'm still bullish on YHOO and I'm long (bought some today in fact). YHOO just closed at a record all-time high at 88 1/4. The old high was 87 13/16. The short interest for YHOO is up higher than it was 30 points ago before the last squeeze. Shorts just keep piling on and that could be diasterous for them. Your going to keep hearing good news coming out of YHOO and they could announce a split anytime. (They probably will wait for earnings). IMO YHOO goes even higher. P.S. TLAB and ALA set record highs today as well. I think LU just missed a record close but got an intraday record. All in the same sector as CIEN. Telecoms and Telecom equips are hot right now. I also like a little company named THNK (silly name though). I have just started recently looking into it and have taken a position. It was down yesterday and today, but it had doubled in less than 2 months and run up very fast. It's sort of an internet play with little exposure. (and earnings!) They design web pages for major sites and they do web based advertising. (They do other kinds of advertising too). Have some pretty big clients. I guess they are behind the Network Associates ads you see on CNBC all day. (You know, "Who's watching your network")