Ciena earnings......Your not still short, are you? Cien has crept up another full point since I warned you shorts 20 minutes ago. Looks like a sure "squeeze" in another hour or so. Better get out now. You don't want to get a margin call, do you?
I have been in my long position since 1997. That is the small part that I didnt sell at 144 and 150. My cost basis is $0.00 so I guess you could say I am a spectator who can laugh at people who are stupid enough to short a long term winner that could be the next CSCO.
I am also a short on a number of other stocks so it isnt a short vs long thing. The major consideration in shorting is picking the right target. Shorting a stock like CIEN is more stupid than betting the roulette wheel in a casino. The longer you hang around the more certain that the casino is going to clean u out.