
Trader Gus' Trading & Poker Blog
Tuesday, August 23 03:46:29 AM 2005
Well, after a few months of holidays mixed with the occasional trading day, I should be back in the markets full-time. More recently, I have made the full switch to CIEN and have all but abandoned JDSU. Longer-term, Ciena has the fundamentals to make it grow, and I am looking for it's volume to pick up steadily over the next 6 months.
Keep your eyes here for my daily thoughts on Ciena's action. As always, the Nasdaq will give the best direction for the day, but 2.10 is a very hard support area. It has had a hard time breaking through and staying below that level in the past month, so for the time being anything below that is a buy. Have stops placed near 1.95 as we may see a swing lower before the larger buyers & funds begin to accumulate shares in September.
Good Trading,Gus
Source: Trader Gus' Trading & Poker Blog
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