CIEN Ya Later

This one has been in my portfolio much more often than not over the last 1.5 years mostly due to its habit of growing freakishly bullish looking patterns (all of which eventually broke out) on this weekly chart, not to mention one or two on a daily chart that are not really visible on this weekly.

Best target was 40, and the stock market is only indicated to be in a bear rally and so, profit in hand, Eh? Take it.


I never thought I’d have a high level of affection an old tech dinosaur but the light research I’ve done about Ciena vs. its optical network equipment competitors and its potential with Telecom customer upgrades was positive. And the technicals had me actually noting in NFTRH that I’d fallen in love with it, which is never a good thing.

Whatever, I’ve sold and am happy. Other long and short fish in the ocean.

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