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


To: Mark Peterson CPA who wrote (6323)2/3/1999 11:55:00 AM
From: charger  Read Replies (1) | Respond to of 12623
 
Those distant strikes may suggest a major contract win, rather than immediate takeover. Who the hell knows? I am long for now on this breakout above 23. Let's see if she can hold. If something is imminent, it will.



To: Mark Peterson CPA who wrote (6323)2/3/1999 10:07:00 PM
From: john dodson  Respond to of 12623
 
The quickest way for someone holding millions of shares of a stock to make big bux on them is to buy a whole bunch of calls, making everyone think that "something is imminent" or pick your rumor-of-the-week for Ciena. Not saying that that is indeed what's happening here, but I wouldn't rule it out either.

This sort of options activity seems to happen frequently w/ Ciena, although every long, including me, always hopes "this time is different".

-John D