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

To: Capt who wrote (4037)10/6/1998 12:18:00 AM
From: LakesideTrader  Respond to of 12623
 
Nor do I. It's like "they" all sold out during the Friday "rally" knowing full well that CSCO et al would tank royally as they announced their downward expectations. And we really needed more negative news in this market.



To: Capt who wrote (4037)10/6/1998 8:24:00 AM
From: Wayners  Read Replies (2) | Respond to of 12623
 
It does look rather suspicious especially since we all know about the GSCO-CIEN meeting on the 8th. My experience is that analyst downgrades usually cause a final capitulation sell-off that results in a short term bottom that's good for a month or so. Anybody with Level II know if GSCO was buying yesterday?


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