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: Doug Gallian who wrote (5045)	11/2/1998 8:53:00 PM
From: Tim Luke	Respond to of 12623

in the last 40 minutes of trading tlab was dropping like a rock and cien was starting to move fast on very high volume........my best guess is do to the rumor of a merger as the buyer 9tlab) always drops in price.

To: Doug Gallian who wrote (5045)	11/2/1998 8:56:00 PM
From: DanZ	Read Replies (4) \| Respond to of 12623

Doug, TLAB most likely fell on speculation that the company is going to buy CIEN with stock. This is dilutive and TLAB investors don't want CIEN. My guess is that a lot of TLAB traders fell for the rumor because CIEN sustained its gains today. I'm expecting TLAB to regain some lost ground in the next few days and CIEN to fall back once the rumor premium comes out of the stock. It is only my opinion that CIEN is not in play. I could be totally wrong and lose my butt on my short position.