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: Larry Brew who wrote (2817)	9/9/1998 9:09:00 PM
From: Sam Citron	Read Replies (1) \| Respond to of 12623

This is why it is so risky to be a pure play in the DWDM business. You just cannot afford to have all your eggs in this basket. Even Nettles now realizes he needs to work for a diversified equipment supplier like LU. Why are you guys so keen on losing your shirts trading? Are you so addicted to your own adrenaline? OK, maybe some of you are better at it then I am, but I would bet that like commodities traders, most of you lose money in this volatility <g>. Have you ever heard of patience. Even TAs have a saying that it is best to wait for a bottom. Well, boys and girls, there is no sign of a bottom yet. You can daytrade all you want. For a while, it was safe to say that if CIEN was up today, it would be down tomorrow. But then that pattern ended and it was straight down. It is irrational for investors to shoot this puppy just because she loses a couple contracts. Forget thinking about what price CIEN will sell at tomorrow and start to focus on what the company is worth. Sam