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To: The Ox who wrote (7128)	2/3/1999 6:56:00 PM
From: Thean	Respond to of 14427

CIEN - this stock has a head full of steam and is on a high volume path up. It broke and closed above its support at $22 today. Being CIEN and so beaten down, this one could be a nice trade on the long side. Plenty of volume and is a daytrader stock. It has its baggage but for now its appeals seem to outweights its baggage. Earning due out on 2/18 so be careful when the time gets near. Sold the Feb 20 put on this one last week and is thinking about closing the position before expiration. RIG - close right at $27 - its midline BB. If there is no carry-over tomorrow, this could very well be a short term top and gets bounced off midline BB. If there is carry-over, together with general OSX rally and firm oil price, RIG may hit $30 before another retreat.