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

To: Robert who wrote (6875)	4/5/1999 8:52:00 PM
From: capt rocky	Read Replies (1) \| Respond to of 12623

the only reason this stock is trending down is that money is going into the top twenty in bunches. it will ultimatly come back out and get back into stocks with fundamentals and potential. the internet stocks are scarey to me but i'm tempted to do the same. i think if hte house of cards collapses even stops won't help. jmo. rocky

To: Robert who wrote (6875)	4/5/1999 8:59:00 PM
From: secureit	Read Replies (1) \| Respond to of 12623

Robert Rankin< I've just been looking at the technicals on Ciena, and it looks to be headed much lower.....Also, when board members resign, it is usually a very bad sign....I supsect that is why the stock is headed for the dust.......R<< Robert are you a Technical Analyst or are just short cien? Also, why is it a very bad sign when a board member resigns? It happens all the time in the business world. All Good Regards;

To: Robert who wrote (6875)	4/5/1999 9:21:00 PM
From: Robert	Read Replies (1) \| Respond to of 12623

My incomplete message updated: .....When major board members resign, it is usually a very bad sign, and probably these board members are now selling their significant shares......I also think the stock is giving a signal of more bad news coming down the pipe......Instead of getting their core buisness in order, Ciena has moved expectations out to a few years hence, and entered into what seems like much more speculative ventures. Meantime, they are extremely vulnerable to their competitors advances, which require mainly brain power; something easily acquired...Ciena is now a very nice short candidate...In particular, I should have remained disciplined and liquidated my entire position at an earlier date. However, to be fair to myself, I don't think I could have anticipated a major dillution with no expectations of improved earnings, and no shareholder approval....I don't understand all the media attention paid to what is clearly a broken down tech play that has failed consistently. One should stick with companies that have diversified products, multiple customers, earnings, earnings growth, and market share growth...companies like uniphase and jds fitel...Smart people making things work, without monumental screw ups that wipe out entire shareholder values virtually overnight...For those of you that believe board members resigning is a good sign, I suggest you stick to investing in mutual funds......R