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

To: Sye Walsh who wrote (6112)	1/17/1999 10:29:00 AM
From: Michael H. Dragon	Read Replies (2) \| Respond to of 12623

I find the H&Q comments very timely,the day before options expiration.I went short the stock at 19 9/16 on Friday,I would have never shorted it if I thought they would earn that kind of money,time will tell but I believe the stock is overvalued.It almost seems like easy money if you short this one on expiration Friday, cover several weeks later and go long for the next set of buyout rumors.I find the buyout rumors particularly hard to believe this time with 3 execs. selling stock in late December.Good Luck to all,Mike