lt cap,

Thanks for your take on all this. I feel prettymuch as you do - timing the market is not something I try to do, as it's something of a fool's game. And yes, like you, I figure I can drive down the price of a stock by taking short position, meaning it will skyrocket. Now, if *Jon* were trying to time the market and placed a bet, I'd have a lot more confidence, and follow him, as he's optioned out tons of shares and his cycle is just wash, rinse, repeat :-) 

I meant to look up the CC's on INFN and NOK, so thanks for including that. It is tempting to sell beforehand, as the odds that either of them comes up with some upside surprise is low, I'd think. But if they under deliver again this quarter, logic tells me they're so beaten down it won't get much worse....except the last time INFN screwed the pooch, the fall was jaw dropping. I'll flip a coin, I guess. And I wonder - when the CC is really bad news, is that where the CEO says, "I'm going to let ..(the CFO, the CIO)...address that and add more 'color' (so it looks like his fault not mine. :-)

Another OT deal - I've held some Lionsgate Film as it dropped from 40 to 20 over time. I would guess that one factor is that the quality of the films they've put out over the last few years just aren't nearly as good as what they used to do, and when it seemed they could do nothing wrong. But I also recall that, almost weekly, they announce new deals with various partners and strategies - e.g., selling the overseas rights for a film that offset production costs, so the chances that  revenues from the US would help cover all production costs were raised. My stake is small, and my buy-in was lower than its current price, but I still wonder why.