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

To: Jan Crawley who wrote (3377)	9/20/1998 2:39:00 PM
From: MThree	Read Replies (2) \| Respond to of 12623

When AFCI collapsed to between $10 and $11 bucks per share, a number of analysts issued either STRONG BUY or BUY recommendations. Perhaps as a result of the recommendations, the stock quickly popped up to $12 -- upon which there was massive institutional selling for the next two to three weeks, resulting in a low of around $6. (AFCI has popped back up to around $9 per share now, but that's not the point). The similarity to CIEN? -- well at current price of $11ish, the CIEN thread reports at least one or two analysts issuing STRONG BUY recommendations. So expect a pop up back to $12, maybe even $15 if CIEN announces that it has authorized a stock repurchase program. But barring official news of a merger, the near term uncertainty in this stock will simply give the clients of these analyst to unload at the pop. Therefore any comparison with AFCI may mean CIEN could go as low as $6. If there is anyone who thinks CIEN cannot possible go as low as $6, I would like to hear your opinion. I currently have no position and am looking for a good entry point. I believe that the greatest margin of safety with CIEN is buying it as close to $6 as possible, but I could be too conservative since the stock may bottom at a much higher price, perhaps at $10. Thanks in advance, and good luck to everyone on the board, long or short.