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Author:

breinejm

Subject:

Off Topic

Date:

05/19/20 at 2:11 PM CDT

 

 

READ: 4

RPLY: 0

0

0

RECS:0

Sentiment:

Neutral

Reply to:

MSG`#5099,`05/18/20
By Jam ok

 

Re: Sold CIEN calls

Well, as I always say, if they get called away I made a profit! I still have 1500 shares... and would I be crazy if I sold Jun 5 53's for $2+? How far can this run in this Macro environment? I am long term bullish, but this is trading like fire. Or it is too far ahead of itself. Today's volume is only half normal volume. It is just weird, cannot explain it.

On the other hand if it does $2.60 this year and $3.10 next year with the 5G growth potential, it is actually fairly priced at 51 with upside? 2021 P/E of 17 is sort of low actually. Just signed agreements with two of Europe's biggest telecoms. Hmmm.  Ok, I've convinced myself to hold my remaining shares.  lol  ;)

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