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


To: Mama Bear who wrote (3163)9/15/1998 3:07:00 PM
From: gbh  Read Replies (1) | Respond to of 12623
 
Barb, yes you're right, he seemed to imply that.

But I don't think it will take CIEN years to recover. Of course, I choose to ignore the run from 50 to 90. I don't think they will ever recover to that range. Lets pretend that never happened.

They will either take 6-12 months to recover (25 range) and be bought for 35 to 40, or choose to sell out sooner for 20'ish range.

I find it unlikely the stock will ever trade at 40-50 again, on their own.

Gary