lt cap,

Thanks - yes, I do remember the disappointment on the numbers on the Samsung issues. But NOK loses perhaps couple hundred million and gets soundly trashed while BP is paying out ~18 billion and it doesn't die? Maybe just an issue of equal proportions, or whatever.

This is not news: CIEN losing 5% today because.....after InPhi made its announcement the analysts who came out to defend CIEN noted that it cut both ways, it will hurt their business in some ways, but making DCI equipment that was going to grow and was compatible would offset that. The defenders of INFN said yeah, that's a not-insignificant crunch to earnings, but overall their growth prospects are positive in the long run. I can understand why INFN is skittish until we get some clue as to how it will affect them, according to Fallon. And CIEN's decline might be some skittishness because their last two CC's were disappointing. So it really doesn't make logical sense unless...just as INFN got trashed and dropped in the 13's most likely because the InPhi development was known to some beforehand, these stocks are trading like there's doom ahead, rather than the 10%+ growth rates that keep getting verbally re-confirmed.

It leans me away from playing options at the moment - the potential gain isn't worth the risk. It does have me thinking of adding realtively small chunks of NOK - but I'm starting to feel overweight in a negative-so-far position, and the stock itself isn't showing any kind of a bottom here. I *think* there's a bounce in here somewhere, but where it is I have no clue. In part, because I see no negative news that corrolates with these movements. NOK's losing ground because of massive job cuts maybe? Is not that supposed to be part of their synergy savings strategy?