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


To: Mama Bear who wrote (2828)9/10/1998 12:03:00 AM
From: Larry Brew  Read Replies (3) | Respond to of 12623
 
Barbara, based on the posts tonight it looks like cien will drop like
a rock on low volume. I'm in at a cost average of 24, so my perspective is somewhat different than most. If it continues a
downward drift, I'll dump 2/3's. I think the sharp moves are over as
it's new valuation is at a reasonable P/E.
Keep in mind it was AT&T that drove it so high. I sure wish I knew
why AT&T nailed them at the last minute. Either something really
stinks with CIEN, or it's corporate war. IMHO of course.
Larry