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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Ron McKinnon who wrote (16316)	9/14/1998 8:44:00 PM
From: StormRider	Read Replies (2) \| Respond to of 53068

TLAB: Oversold or what??!! I just can't believe the overraction today on the stock. This morning I thought it was a no-brainer that calling off the merger with Ciena would release the shackles. Of course with this morning's announcement that they expect earnings to be about a penny shy this quarter, all of the early gains were wiped out and then it goes on to fall another 16%? They stated that estimates for the fourth quarter and next year are still valid!! Am I missing something here? Is this a case of confusion and panic?