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


To: BarbaraT who wrote (4929)11/2/1998 1:08:00 PM
From: Tim Luke  Read Replies (1) | Respond to of 7247
 
Telecommunications equipment maker Ciena continued to surge today on persistant rumors that the company may be bought out, traders said. Ciena shares jumped 16.76 percent to 20.06, and was the most actively trade stock on the Nasdaq market in early trading today, with 24.3 million shares traded.



To: BarbaraT who wrote (4929)11/2/1998 2:24:00 PM
From: Olu Emuleomo  Read Replies (1) | Respond to of 7247
 
Sold CIEN ... bought at 15 out at 20 3/8. I was sweating this one after having bought it and seeingit drop to 9. Glad to finally have a profit.

You are brave. Sold my CIEN at 8 3/4 after buying at 11+.(Had visions of BOST :-(( )
But, bought back at 16+ and now sold at 20 5/8.
Made money overall.
I *still* think this is a $25 stock, but the profit looks good to me here. (Did not expect to make so much so fast! It's my pick this week!)

--Olu E.