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


To: craig crawford who wrote (1882)4/2/1998 5:23:00 PM
From: Phil Jacobson  Read Replies (1) | Respond to of 12623
 
I'm new to this thread so sorry if this has been discussed ad nauseum already. Came over to see what's going on. It looks like I made a hell of a mistake buying on the rebound based on some my engineer friends saying CIEN makes products that beat the hell out LU and anyone else. I won't ride this stock down another dollar, let alone sit on it until it's 25. The activity around CIEN stinks of a big earnings shortfall coming. Just a hunch.

Take a look at the three month chart on CIEN. If you connect the line from the pre-WCOM announcement to the line since the subsequent bounce ended the resulting downtrend is incredibly consistent.

Why isn't a huge growing market for WDM big enough for the player with the "best" products? Is CIEN's Sales team that ineffective?

Phil