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Others to Watch: CIEN IWM IBC (at 0.50?)

 
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arthur
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PostPosted: Wed Sep 22, 2004 4:32 pm    Post subject: Others to Watch: CIEN IWM IBC (at 0.50?) Reply with quote

CIEN hit a low of 1.90 today on light volume, which is typically bullish. IWM is a Russell 2000 (small cap) tracking stock and there are options available. Perhaps, puts are a buy at 114 (also I may add there are gaps to close on IWM and QQQ, because of the lower open today, although it's uncertain if those gaps will close in days or months). IBC declared bankruptcy and its shares were halted today at 2.05. If it opens very low, e.g. 0.50, it may be a buy for a short-term trade.
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