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

To: radman33 who wrote (3262)	9/17/1998 4:25:00 PM
From: L.B.Nguyen	Respond to of 12623

I would buy the first 25% and sell option Oct 15 for 3/4. if it continue to drop to 10 then I would buy the next 25% and then sell Nov 12.5 for $1.5? if it continue to drop to 8.5 :-{ ! then buy 50% and then hold all shares / buy back all other options or let it expire worthless. You are not going to make a lot of money; however, you will not lose a lot either. I started my sequence a bit early at $17, my second phase was at 12.5, my third phase will be at 10. I definitely will complete my purchases before the middle of next month. Big funds may start buying back shares after it had sold for 30 days. Good Luck PS: You are responsible for your own investments.