OT - INFN - When Needham said it was going to 'hold their nose through the sewers' and stick with INFN they weren't kidding about the 'sewers' part. Read a story of all the downgrades from 'outperform' to 'neutral'. The pessimistic $13 price one analyst put on it before the CC looks very high now. Jeffries weighed in today with a 'neutral' rating also.  I really don't have any read on whether to hold onto the shares I've got and wait 3 years or so. It's hard for me to see it going lower, but at ~$11-$12 that seemed true then.

Fallon bought 1.1 mln shares on the open market at $11.95 in early March. I'm certainly speculating, but.....how does that make sense? The current quarter was top and bottom line beat, but the guidance killed them. Maybe it's because Fallon finally put numbers to the outlook, not just saying the future is challenging.  Maybe at the time of his buy this quarter looked good, and ......something happened going forward from there that made them drag down their estimates substantially?  If so, what exactly? (I must admit I haven't listened to the CC - probably just depressing) And maybe I missed it, but I haven't heard any analysts actually analyze the situation, prospects, fair valuation because...I'm looking in the wrong places? They themselves don't have good answers as to how income modeling was done? 

Speculation gets me nowhere. But I'm not sure clarity gets me somewhere 'good' either. I think it's had it's 'dead cat bounce' and is now retreating 27% for the day so far. My guess is that's just because there is no clarity on the stock right now.