CIENA CORP (CIEN-Nasdaq): Technical Viewpoint: From a low of $29 3/8 on Jun 28, 1999 prices rallied, reaching a high of $37 3/4 on Jul 16, 1999. A decline saw prices pull back, reaching a low of $29.06 on Aug 5, 1999. Another rally saw prices penetrate resistance, closing 9/8/99 at $38.31. Technicals: Momentum Index (MTM): A Buy Alert! was given on Sep 3, 1999 when the solid line crossed the dotted line to the upside. Support: Remains at $32.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Aug 25, 1999. A P&F upside reversal takes place at $35.00. Summary: Technical indicators have turned bullish. BUY! CIENA CORP (CIEN-Nasdaq) @ $39 1/8 Stop: Use a protective stop of $36 1/2. CIENA CORP is currently trading @ $38.31 plus $2 1/8 on Sep 8, 1999. Price Objective: $51.00. Risk/Reward: $2 5/8 VS. $11 7/8. Today's Risk Reward Ratio: 4:1