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

To: bits who wrote (2903)	9/11/1998 10:56:00 AM
From: Diabolique	Read Replies (1) \| Respond to of 12623

John: The point is you cannot push a stock down if the demand exceeds the supply. AMZN has a thin float, in this case the individual investor demands can exceed the float, so institutional shorting cannot drive the price down. CIEN is another case, 91+ Mil is huge enough and institutional support is the key to keeping the price up. >>90% of the "big boys" don't care what DWDM is, they jump on a trend and push.<< You're right, they don't care about the technology, they care about performing and making money. They may not know what they are doing every time, but they have access to information not available to the general public. It is my believe they are acting on that info these past 2 days. The "big boys" (JPM, Soros, et al) lost billions because they were playing against "bigger boys", just as you and I are losing money (so far) playing against the institutions. >>I would hope that you count the CEO of Tlab as a "big boy".<< I do and I believe he want CIEN badly, but put yourself in his shoes. Would it be DD to pay 120% over market value for CIEN now? I believe he will want to readjust the ratio, again.