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To: Larry S. who wrote (16027)8/27/1998 5:19:00 PM
From: investz  Respond to of 53068
 
I agree this market sucks ! RUSSIA , CHINA , ASIA, JAPAN , LATIN AMERICA are killing this great bull market. geocities.com
Not sure if there is support at these levels.



To: Larry S. who wrote (16027)8/27/1998 7:39:00 PM
From: Ron McKinnon  Respond to of 53068
 
if you want to see what a major index sell program take a look at todays 1 day chart on RGBK

It ran up yesterday on being added to the S+P 500

I sold it mid day at 39 3/8

look at he HUGE gap down near the close when that big computer driven index sell program hit

whew!!!!!!



To: Larry S. who wrote (16027)8/28/1998 7:39:00 AM
From: Ron McKinnon  Read Replies (1) | Respond to of 53068
 
Larry CIEN

the new ratio is .80

that would put CIEN up 50% from the close

lets assume that TLAB drops 10% on this news from 57.80 to 52.00
so .8 is 41.625

then lets toss in a 10% discount for time and uncertainty and the "pissed off" factor from the last debacle

so my guess is we see CIEN in the 36-40 area

still a 20% give or take up from the close