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

To: Robert who wrote (6495)	2/18/1999 6:45:00 PM
From: still learning	Respond to of 12623

I think earnings were in line with reduced expectations, but not above enough for a pop. I believe the stock will stay in a holding pattern with some slight ups and downs for the next 2-4 months. It will take at least one more reporting period to show progress and 2 or 3 to show a legitimate trend up. fundamentals are improving (the announcements re big contracts show some movement) but overall the visibility is still very low and that will weigh on CIEN. I'd look to buy in the $17-19 range. It will start to move up in price meaningfully late this year or early next. My 2 cents FWIW.