This post was just published on ZYX BuyChange Alert
The position is long with an average price of $12.28. Currently, 20% of the full core position size is being held.
Consider taking profits on CIEN in the zone of $14.80 to $15.80.
Aggressive investors may simply put a stop in the zone of $14.68 to $14.73 to protect profits.
Our fundamental thesis on CIEN remains positive. This call is a result of general market conditions and not because of any new development in CIEN. The plan is to buy CIEN again at a lower price.
