Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: John M. Gelnieau who wrote (4226)	10/9/1998 10:41:00 PM
From: gbh	Respond to of 12623

John, just as I suspected. Things are worse than first stated. Now the reason for the last two days weakness is clear, when the market was strengthening. More pain is on the way... IMO this stock has no chance to rise above 10 before the end of the year. I hope I'm wrong. Gary

To: John M. Gelnieau who wrote (4226)	10/10/1998 1:13:00 AM
From: jach	Read Replies (2) \| Respond to of 12623

Ciena IR didn't say anything regarding estimate at all- Heard from friends' friend, potential large contracts to be announced soon. Price this week, imo is typical manuipulation by option managers becasue ciena call volume above 12.5 is more than 25,000 contracts. This is the same as 2.5 million shares. They will hold anything possible to keep below 12 and that's one of the reasson of sudden movement downward for no reason. By selling 50K block they can drive it down half a point but save them from giving out somewhaere in the vicinity of 2 million shares (assuming portion of it is by individual sellers) next week if happens to close above 15$. Ciena will likely go higher starting from near end of next week to the two weeks after that.

To: John M. Gelnieau who wrote (4226)	10/10/1998 12:58:00 PM
From: John M. Gelnieau	Read Replies (2) \| Respond to of 12623

to the extent that my initial post on cienna guidance is misunderstood let me clarify this part of the call with ir. it is public knowledge that cienna has suggested a -.04 for this quarter from last quarter con-call. zacks analyst estimates have recently been revised from +.06 to +.05. therefore i had a question as to whether cienna had changed guidance recently. i asked ir were cienna's previous guidance on -.04 still on target. the response was yes. i expressed frustration at trying to reconcile cienna guidance with the then current analyst concensus. ir rep simply agreed that she could understand my frustration. my post here was simply to share company v. analyst earnings outlook. <eom>