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

To: ibrandybuck who wrote (3529)	9/23/1998 1:27:00 PM
From: Mama Bear	Respond to of 12623

ibrandybuck, I was looking for a more statistically based evidence. I am sure that there are cases that don't result in much of anything, but in the case of the most egregious frauds there just isn't much there to reclaim. Since most cases are settled by the insurance companies representing the companies, I find it hard to believe that there is no guilt in every case as you claim. Since most of the settlements are subject to nondisclosure, I'm not sure how one would build a statistical model to prove it one way or the other. But it makes no sense for the insurance companies to settle nuisance suit after nuisance suit that are brought without merit. You don't need to worry, I'm not joining the CIEN lawsuit, although I think I qualify technically. I bought several lots on 8/21, and sold most the same day for a profit. I sold most of what I held the following Monday, and held one small lot to speculate on the TLAB takeover. I technically "lost" money on that small lot, but the overall trade was profitable, so I'll never know. Regardless of whether I qualify or not, I didn't make my purchase based on anything that management said or claimed, so I'll take responsibility for my 'loss'. Another class action that I did join was the one againts Premiere Laser. In that case I did make my purchase based on claims made by management. It is my opinion that Premiere did in fact knowingly make false statements in order to run the price up so that they could call their warrants. I lost about $1300 on PLSIZ, so it's not quite as devastating as TokyoMex likes to make out. I also learned about a bunch of red flags that have helped me short other companies for a profit when they're in the midst of a management inspired pump. Perhaps I'll let you know how my suit turns out. But to me it's more important that Premier pay, than that I collect any money. Barb