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

To: Bald Man from Mars who wrote (4030)	10/5/1998 5:45:00 PM
From: saju chacko	Read Replies (1) \| Respond to of 12623

here's where it is ......... i spoke to CIEN investor relations representative, Jessica Towns. she does not know of any meeting with GSCO..... also GSCO removed CIEN from its recommended list and rated it as a market outperformer.... does anyone know when CIEN got on GSCO recommended list? Towns from CIEN also informed me that CIEN will release 4Q results Dec 10 after the financial markets are closed .... and CIEN is comfortable with the estimate of ($0.04).... when i checked last friday on first call.... the consensus was showing ($0.027)........ also i noticed that the SIR (short interest ratio) is becoming lower this is good... however these numbers were not based on the latest data..... also .... CIEN did touch 10 3/4 today and went back up.... that is a good sign so far... however GSCO support cannot be relied on according to what i see on level II........ furthermore it seemed to me that if the COMPX did not turn up then CIEN would have continued to move below 10 3/4.... i still see no obvious support right now.... other than the $2/share cash that CIEN has..... well if it ever gets to 2 1/2 then i'm selling my blood and buying more CIEN......... he he he... Saju

To: Bald Man from Mars who wrote (4030)	10/5/1998 5:48:00 PM
From: John M. Gelnieau	Respond to of 12623

That means they knock the price down 20% and get ready to load up for house accounts. I don't know. Who the hell does in this market. It's just like on company I own where the stock was $40 with no earnings and now its $3 with prospects for good earnings next year in an expanding market. Go figure. This stock will pop when dow begins rally back to the mid 8000's. Also, don't overlook CSCO, LU, DELL, INTC, UIS, COMS, NT, CPQ, ASND, and many others. Put 'em in a hat a draw 'em out. That beats any possible clue from FA at the moment.

To: Bald Man from Mars who wrote (4030)	10/5/1998 10:58:00 PM
From: Wayners	Read Replies (2) \| Respond to of 12623

CIENA Corp. (CIEN) 11 3/16 -1 3/8: Goldman Sachs downgrades telecommunications equipment maker from "recommended list" to "market outperform"..... Here's the actual briefing.com blip on the GSCO downgrade.

To: Bald Man from Mars who wrote (4030)	10/6/1998 2:31:00 PM
From: Asymmetric	Read Replies (2) \| Respond to of 12623

Nasdaq now down a further -34 on top of yesterdays Nasdaq drop of -78 (-5%). Gotta believe this general selling is being fueled by individual (and maybe even leveraged institutional) investors getting margin calls from yesterday's carnage. Also believe lots of corporate employees just now getting their 401K reports and shocked by drops in their fund accounts of -10, -15, or even -20% (or more even) are switching assets to those areas perceived less risky. Funds, faced with calls for redemptions, and fund inflows drying up have to lighten up their portfolios and are selling losers, any stocks down 70%, 80%, 90% or more...(and if you run a scan there are tons of Nasdaq stocks that are down that horrendous amount) being kicked out of portfolios regardless of "value". Wall St hates losers with a passion and that's how Ciena is percieved right now. Right now my advice BMFM is stay away from any stocks that start with the letter "C" like as in Ciena, CBT Group, Cymer. (just a joke there folks).