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

To: john dodson who wrote (5540)	11/21/1998 1:56:00 PM
From: hoffy	Read Replies (2) \| Respond to of 12623

Why in the world would you say that it is just options expiration. That does not explain the jump over 2 1/2 points. If it was that easy then you could just buy a stock when the options are expiring and make some nice cash. There were mulitple possible reasons it was going up. One is takeover rumors. Yes, they are back and may or may not be true. But the Call activity was very high so someone was betting on a nice price rise very soon. ALso earnings will be coming out in 3 weeks and they are rumored to beat the street handily. Both things will get this stock moving again. Also, rumors of a big contract coming in. Yes, all of these are rumors and may or may not pan out but it is worth the risk here and just the rumors alone will get this into the mid 20's. Just watch Monday and you will learn. I hope you aren't short, oh yeah that's the last thing, a short squeeze could occur causing a fast rise and making the longs lots of money and taking from the poor suckers, oops I mean shorts