lt cap,

Jeez, none of this sound too cheery. If their 'model' is right, I'd think the shrinking capex output, coupled with competition (maybe ERIC will play the 'dead man's float' this time around?), seems to set things up so there's not going to be any good news to kite things on for quite a while. But Avi Silver is not a God, and analysts are certainly not always right. (INFN was left for dead when it was around 6.) It may simply mean that I've sunk a lot of money into companies (INFN, CIEN, NOK) that really will take a ton of patience, with NOK having the biggest chance of streamlining, clearing dead wood, etc. and showing some results of synergies, ahead of good news for the other companies. 

I wish I had Jester's hand at options - there probably are ways to trade my way into a better position with INFN and CIEN while waiting for them (when?) to head back into the 20's. But I'm not Jester :-)