lt cap,

Thanks for the Barrons/Ciena post - I'm not sure I understand the differentiation between optical component and optical systems stock, and whether it's favorable on CIEN and INFN because they have no China exposure, or whther they're not favorable for them for the same distinction. 

I have more CIEN than I want already, but I am tempted here - below the 18% haircut it took after the CC. 'Gritted teeth' analysis doesn't sound so grand. And another way (valid - maybe not) is a pattern often seen as analysts try to 'smoke screen' a pick they're now backing away from - keep ratings, low pt sequentially, eventually get ratings and pt within the real world the stock is operating in.  Not saying that's what's going on, just that's the pattern I often see. It's a bit disturbing that at the last one or two quarters the CEO in the CC said revs were light because of an order from ....ATT I think (if not VZ then) had shifted into the next quarter, and the analysts gave him a pass on that one. Could be that was followed up honestly, because this quarter's numbers were ok guidance killed it. But Fallon-like conservative predictions always sit better with me. Misleading analysts is a fool's game. 

As I ponder CIEN (and INFN, if it's going to dip into the 14's again), I increased my NOK position today by about 12%. I can find no news, so that's just blind/long term story faith. Yes, they got downgraded by that idiot to 'underperform', but that was last thursday, and I'd think it would've already been digested. For the moment, I'll take the 3.25% gap down.