Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: john dodson who wrote (6792)	3/17/1999 5:35:00 PM
From: Robert	Read Replies (1) \| Respond to of 12623

I think you are misleading yourself. The stock is trading at a very high P/E multiple, and it can drop a long way. Volume is picking up again as price drops. This can easily turn into a rout. There are only minor support levels down to $10.....R

To: john dodson who wrote (6792)	3/17/1999 7:32:00 PM
From: Patric	Read Replies (1) \| Respond to of 12623

Hey, john, I understand that the telecom industry is in a major consolidation phase and niche players like CIEN are obvious acquisition targets, just in the nature of things. I am not convinced, however, that CIEN's management is primarily focused on becoming a more attractive target, or that that is the motivation behind CIEN's two recent acquisitions. It is at least equally likely that CIEN has decided to become the big player (like CISCO, for instance, has done) rather than be acquired by one (unless, of course, the price is VERY right!). Hey, maybe CIEN will make an offer to buy TLAB one day! Had a GTC order to jump back in @22. When it did not fill I decided to pull it back and watch how the price opens tomorrow. I'd love to pick up a few shares @20, but I doubt I'll do much better than $23. Happy trading! #B~}>