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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: out_of_the_loop who wrote (4408)10/27/1998 1:29:00 PM
From: Tim Luke  Read Replies (2) | Respond to of 7247
 
i may be the wrong person to ask, i don't like cien at all.....this stock is just waiting to fall even more right now and it's only holding up right now on a prayer of a takeover......way to risky for me.

i think xyln is far more better of an investment then cien, takeover or not this stock is going higher. ( and i still still very confident xyln will be gone very soon)



To: out_of_the_loop who wrote (4408)10/27/1998 1:41:00 PM
From: Jon Cave  Respond to of 7247
 
I agree with Tim. I think that CIENA may fall back down into the 11 and 12 range unless some good news is released. I think that XYLN is a better buy now. If this stock can close above 16, then XYLN could be headed for 20.

However, I have been wanting to get back in CIEN. I got in at 9 and sold at 13.5 after I saw that the stock wasn't going to move higher in the short term. Any good news for CIEN will probably send it to the 16 or 17 range.


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