lt cap,

It's interesting that in this environment of stagnant price action at best, CIEN garnered a raise from 'neutral' to 'buy' couple of days ago. Their CC in early December ought to be interesting. Price action on it has almost been like somebody knows something that we don't. Guess the CC will answer that - I recall they have used the excuse of big customers either delaying spending, or, more clearly, that a big customer has simply shifted a significant buy to the next quarter in a past CC. Some see that as a tactic that they hope will be forgotten by the next CC, or it's true.

Sorry to see that ML has thrown in the towel, after being so enthusiastic on NOK. They sure could use some help. You know, the conundrum is that when one feels it has reached a bottom, that would be a sweet time to pickup more shares for when 'the ship comes in.' But the boat (at least mine) is overloaded, so I will likely miss buying in with a hefty dividend being paid out. And then, of course, if they're having this much trouble, I don't see why that dividend is 'safe'. I agree that it makes sense that at some point, bargain hunters come in, one reason being that dividend. But it looks like the stock itself won't have much of a catalyst until 2018 at least, unless they can show gains from integration of ALU. Treacherous waters in the short term, for real I'd think.