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

To: William Nash who wrote (5968)	12/22/1998 12:29:00 PM
From: PAL	Respond to of 12623

I just sold all my holdings in CIEN. Technically it is weak: better take the money and invest in winning companies. The top management is good in the technical field, but poor managers. If they want to increase shareholders values, they should have taken TLAB offer.

To: William Nash who wrote (5968)	12/22/1998 1:00:00 PM
From: John Carragher	Read Replies (1) \| Respond to of 12623

I am down like the rest cleaning up these dogs for the new year. Why hold when aol just got raised by Prudential to $165 target. I show intl $150 target , csco $120 target. these are not recommendations only examples of why hold on when the mrkt goes bye in Jan. imo John

To: William Nash who wrote (5968)	12/22/1998 8:17:00 PM
From: sunfish	Read Replies (3) \| Respond to of 12623

I wouldn't even consider selling CIEN at these prices. CIEN will come back. It was very recently above 20, at the very least I would wait until it returns there (why sell at 12 and change), but even above 20 I would consider selling only half and then wait until 30 or so to sell the other half. A move from 12 to 20 for CIEN is a 60% move, not bad, and beats the heck out of a 100 high flyer moving to 120. When you evaluate the advice that you get (here and elsewhere), you need to remember that when everyone is convinced that the stock is a lost cause, you need to be buying, not selling! I can say this with conviction because buying depressed stocks and holding until they recover (often doubling in if they get even more depressed) has worked very well for me. I may find my first "go to zero" stock some day, but I am betting it won't be CIEN.