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

To: Daniel W. Koehler who wrote (2693)	9/4/1998 10:01:00 AM
From: Mama Bear	Read Replies (2) \| Respond to of 12623

Daniel, the market is telling us that it does not have confidence that the deal is done. It may just be a byproduct of the losses suffered by the risk arbs when the T announcement came out. Mr liao's representation of Mr. Birck's statements can be 100% correct, and we still end up with no deal. You can see from this morning's CIEN trading that there are an awful lot of willing sellers. I'm not familiar with Mr. Hornsberger, and only vaguely aware of the FOF. My Libertarian activities lately are confined to accounting for the monthly credit card charge for my sustaining membership. Barb

To: Daniel W. Koehler who wrote (2693)	9/4/1998 11:31:00 AM
From: Doughboy	Read Replies (2) \| Respond to of 12623

Daniel, I would be very surprised by a rate cut. Bias at the Fed is still toward a rate hike, and I think changing some of those governors is like a supertanker making a u-turn. IMO, Greenspan is happy where the market valuation is right here, and he would be reluctant to cut rates and spur another run up to Dow 9000. As for the foreign markets Greenspan has always stated that he does not believe in using Fed monetary policy to advance foreign interests at the expense of inflation-fighting. Would be happy to be wrong. Doughboy.

To: Daniel W. Koehler who wrote (2693)	9/4/1998 3:48:00 PM
From: Alan Hume	Read Replies (1) \| Respond to of 12623

Hi Dan, "Forget Russia - our banks have already marked to market to zero". Too right! Fear is the tool of the MM's, the brokers and the analysts. Fear is the main cause of volatility, without it, most of them would be without a job. Someone on another thread summed it up well recently "the total russian market has about the same capitalization value as Yahoo" Unfortunately too many people hear without thinking and act like sheep Regards Alan