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Ciena Corporation Message Board

  • Crotalus13 Crotalus13 Sep 15, 1998 7:05 PM Flag

    In at 13

    As an Anne Arundel County native, I have tracked
    the progress of Ciena from IPO on. I thought it was
    overpriced from the start, however, the company does have a
    nifty technology. With the fall from grace, I think the
    bad news out. Quoting a personal favorite, "Buy on
    the cannon. Sell on the trumpets." Despite the soft
    global economy, demand for bandwidth is going to
    increase. Ciena has a good product and a decent engineering
    team. I think it may drift lower, but either a takeover
    or some positive contract news will bump this into
    the 30s within a year. I also think some investors
    are waiting for a bottom. I'd rather buy a few
    dollars ahead of the trough and be sure to cash in. The
    only risk is the flakey management team (i.e. CEO) and
    some litigation . Overall, I think 13 is a reasonable
    risk for a short term (1 year) investment.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • How come none of you could ever direct me to
      Rundelac Road.....you don't even know your area..... You
      are dependent on good industry because all you have
      are tourist trade......Ciena has superb engineering
      intelligence.....it is what has made your area aware of the
      future.....Ciena will lead you out of the shadows of the DC grey
      area. DC produces nothing but debt......Ciena gives you
      future.

      • 1 Reply to Sis400
      • It seems to me that you believe Cien will go up
        within a week. Everything sounds so good but why it
        still drop down to $13. I suspect that it has not
        reached the bottom, We don't see any stronger support at
        this price. The whole Telecom section is on downside.
        As I always say, don't put your emotion and dream on
        the real world, which is a reason you will lose money
        in the casino.

 
CIEN
19.88-0.02(-0.10%)Apr 17 4:02 PMEDT

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