CIENA CORP (CIEN-Nasdaq): Technical Viewpoint: From a low of $79 1/4 on Apr 17, 2000 prices rallied, reaching a high of $143 3/4 on May 2, 2000. A decline saw prices pull back, reaching a low of $115 1/2 on May 10, 2000. Another rally saw prices penetrate resistance, closing 5/15/00 at $137 1/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on May 3, 2000 when the Histogram crossed the "0" line to the upside. Support: Remains at $124.00. Resistance: Is at $143 1/2. Point & Figure: Reversed to the upside on May 11, 2000. A P&F upside reversal takes place at $126.00. Summary: Technical indicators have turned bullish. BUY! CIENA CORP (CIEN-Nasdaq) @ $139 7/8 Stop: Use a protective stop of $136 3/4. CIENA CORP is currently trading @ $137 1/4 plus $7.81 on May 12, 2000. Price Objective: $168.00. Risk/Reward: $3 1/8 VS. $28 1/8. Today's Risk Reward Ratio: 9:1