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


To: bob zagorin who wrote (5484)11/17/1998 3:42:00 PM
From: Scott Bergquist  Read Replies (2) | Respond to of 12623
 
Low Twenties??
Bob, what is your prognosis success rate?? I would be quite happy for you to be correct about a move to the low 20s "soon". Have you factored in the huge volume days (20-30 million shares) between prices 17 and 22 we had at the end of October and first two days of November?? Seems like the "overhang" from that seems to put a upper limit to a move up ( note move on Monday Nov 9, after Barron's article; couldn't get above 18 9/16)
Scott



To: bob zagorin who wrote (5484)11/17/1998 8:12:00 PM
From: h.l. meeks  Respond to of 12623
 
I agree Bob. We tested the 20DMA today, at $16, and held nicely. Volume has dried up on this selloff. The CIEN boards are bearish on both SI and Yahoo. We're poised to rally soon.