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

To: W Sheffield who wrote (6652)	3/3/1999 5:39:00 PM
From: Patric	Respond to of 12623

<<At least there seems to be strong resistance around 23 today.>> I'm not a very accomplished technical trader, in fact I am usually a walking contrarian indicator, but I sold my shares @ 28 and would be a buyer @ 22 or 23, depending on how other things are working out. (The 28 represented a profit on all my shares, including the ones I bought @ 27 7/8 during a head-fake (or hip-fake, more like it) on the way down last fall, and we bumped off 29 1/4 three days in a row, so I uncharacteristically sold near the high). I look for another down day or two, but not much below 23, before the next upward surge. This looks like a normal "technical" swing. Just my humble opinion, for what it's worth. #B~}>