Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: joe who wrote (1972)	4/18/1998 6:02:00 PM
From: Tim Bagwell	Respond to of 12623

Joe, I agree with you that the huge increase in liquidity during March will take the market to higher levels (ludicrous valuations are around the corner). But I still think we will get a small correction at some later time, maybe this summer. To that extent, I guess you could call the recent lull a very small correction. So I look for higher prices in general. But I think CIEN is stuck in a trading range. Did you notice the huge move last week in UNPH? They had a much more significant run than CIEN and usually they track to some degree. I think the reason CIEN is under pressure is the short players. They are not so easily shaken from a stock. So I think we will see more downward pressure for CIEN. It will continue to lag the greater bull market IMHO. Comments from your side?