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


To: Sawtooth who wrote (5052)11/2/1998 9:25:00 PM
From: Nandu  Read Replies (1) | Respond to of 12623
 
My conjecture, made out of whole cloth, is that
TLAB was down because the arbitraguers are back
to their standard trick of going long the
acquiree and shorting the acquirer. Remember,
Long Term Capital did this the last time around
and the unwinding of their position in CIEN
is supposed to have contributed to its decline.