hungry_hippo

CIEN Update

Long
NYSE:CIEN   Ciena Corporation
Flipped the calls on open due to weak pre-market trading, looks to close the gap before heading back up. Earnings report actually looks pretty good, holding 500 shares in 401k Rollover.

LOL, already went negative while I was typing this. Long term this is a buy.
Comment:
Looks to me it wants the gap just above $40. Will roll into some April calls and add some more in the 401k if it does.
Trade active:
Bought some March 29 calls on the gap fill
Comment:
Double bottom, not what I was looking for. Will probably dump the calls tomorrow depending on what happens.

Probably waffles around in $40 - 42 area for a couple of months, don't anticipate a double top any time soon.
Trade closed manually:
Sold everything on open
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