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

To: Nevin S. who wrote (6384)2/5/1999 8:27:00 PM
From: Hector  Read Replies (1) | Respond to of 12623
 
Nevin,

re: Why no upgrades at 13 but upgrades now at 24:

Interesting how that works isn't it. If you look closely enough, you'll often see a "buy" or better on a stock after it has already been moving awhile. My guess from observing the stock market over many years is that some of the big customers at some of these brokerages want to take their profits. Take a look at previous action in LRCX and GSTRF also. It doesn't mean the run is over. It just means that from here on, the smart money will be selling as the stock goes higher.

Regards,
Dave



To: Nevin S. who wrote (6384)2/5/1999 8:27:00 PM
From: KM  Respond to of 12623
 
Because they were accumulating at 13 and now have all they want.



To: Nevin S. who wrote (6384)2/5/1999 9:08:00 PM
From: Hector  Respond to of 12623
 
Nevin,

I forgot to tell you that when analysts downgrade stocks like the oil drillers, after already being down 80% from last year's highs, it is getting very close to the time to start buying them.

There's a reason these analysts are called "sell side". They're not there for your benefit.

Regards,
Dave


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