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Rap Sheet

Author:

Jam ok

Subject:

Off Topic

Date:

09/23/20 at 1:36 PM CDT

 

 

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Sentiment:

Neutral

CIEN

With CIEN down another 4%+ today, one might well wonder whether to add some shares. These two articles aren't terribly informative, except for the fact that it's trading at about

16x or so, and earnings are expected to turn negative. It's tempting here, but....how low is low?

finance.yahoo.com/ne...3.html

finance.yahoo.com/ne...3.html

I would add that I'm mulling buying some more shares here. Two things stay my hand: 1. From now until the election, I think the market will not like the upheaval and volatility caused by the election and the SCOTUS choice. 2. My best guess is that we have another 'wave' of covid, given my observations of how blithely people don't follow mask wearing and other safety rules. Europe looks like what happens when those rules are loosened. We have looked over the past month or so like we are trending downward, but between kids bringing it back from school, to more indoor time as the weather changes, I think we may see another significant rise in cases, and with it the safety vs. economic consequences argument start anew in some form. I hope I am wrong.

If anyone has other news or opinions, please post.

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