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Ciena Corporation Message Board

  • messih1 messih1 Jan 30, 2013 12:32 PM Flag

    Thoughts on What's Going On?

    The only thing that I could find that coincides with this sell-off in Ciena (also similar for CSCO, JNPR, JDSU, etc.) was VMWare's announcement of earnings on Monday after the close. Terrible guidance knocked the stock down over 20% on Tuesday morning. That coincides with CIEN's abrupt sell-off starting the same time. Obviously, not a competitor but maybe their forecast of weak corporate spending is an influence here?

    Does anyone see anything else that might help explain this drop? Better hope JDUS has a decent report after the market closes today or it will likely get worse.

    Sentiment: Buy

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    • first acme packet then Dell M&a buyout in a week?

      dell biggest m&a in many years,

      buyout speculation is ramping....

      JDSU beats number handily.

      looking like "game on" for ciena

      Sentiment: Strong Buy

    • This stock is massively manipulated by corrupt hedge funds--They use their large buying power to either buy puts or sell calls into fear of earnings reports for other tech stocks--eventhough Ciena isn't on the same quarter cycle. A few bogus planted rumors also helps.--Then they sell the stock short and run through the unadvised sell stops picking up stock along the way. After they have sold the stock down to a certain level they close out by selling the puts and buy back the calls all in profit zones. Also close out the short position by buying the stock. Would absolutely love to see a merger announcement right in the middle of this manipulation by these miscreants...

19.19-0.20(-1.03%)Jul 29 4:03 PMEDT