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Re: INFN
Earnings
lt cap,
Haven't done my home work, as the only thing I've checked is
INFN's 5% slide today. I expect they messed the bed. $9.50 seems to
be downward resistance IIRC, as they've bounced off it a couple
times. I keep rooting for the stock to get back to $8.50 where it
burned me badly after which it rose (well, okay, I take personal
responsibility for having made the wrong choice), but I keep
thinking if it gets there, I have to decide whether to buy it back,
or whether buying it back is like spending money to buy a hotdog
that's been burned and blackened twice. Seriously, when you give a
timeline on your best estimate on when they turn this thing around,
I listen - I'd think a really nice quarter might send it soaring -
how much bad news has not been priced in at this point?
As is everyone, I'm terifically happy that NOK is not only
moving, but moving up by significant amounts. I can't see what is
driving the momentum, I know that Suri promised to clean house and
have the synergies of the Alcatel acquisition start to kick in.
Whatever it is, keep it up.
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