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OT - CIEN
OT - CIEN - And it just keeps on climbing to new highs.
Analysts, who had been largely silent, recently came out with a
slew of upgrades, the highest, I think, being a PT of $69. It's so
difficult to tell how to play this - I've optioned out as much as I
want on calls that surely have/will finish ITM. The thing
is......NVDA looks like a very similar story - huge runup into
earnings, hitting around (working from memory) $367 for the high. A
'perfect' CC, with no flaws - and the current price is about $349.
So, does CIEN also have an insane run-up, a stellar CC, and a
sell-off afterwards? The one difference is that NVDA has about a
30% exposure to China, and CIEN has very little. So Trump's
distraction of picking new fights with China might be a factor in
NVDA backing down. I will probably think long terms and not sell
calls before earnings on Friday. But it's certainly tempting.
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