lt cap,

I hope you're right about the INFN CC being a bit of a bummer, and the NFLX announcement was meant to distract and soften the blow. My perception is colored by the fact that I indeed sold Nov 10 stk $8.50 calls on almost all my remaining shares for $ .40, with an effective break even price of $8.90. But I have the feeling that the CC may be a good deal better than you fear, at the very least in terms of giving sound forward guidance, which most always seems to trump everything else, if it's credible. But I always seem to be paying attention at the wrong time - on NOK, if I had been paying attention, I would've sold a bunch going into earnings. If I had not started paying attention to INFN's options until today, I could've sold those calls for .60, rather than .40. 

But I'm hoping you're right - the CC will have some sour medicine in it that would temper a further rise in the stock. If it'll just finish below $8.50 on the 10th, I can rinse and repeat, which is a joy to participate in. Just ask Jon. But the hallmark of the sector is, of course, outsized moves. So I wouldn't be surprised to see it zoom. Fallon could use Netflix+Centurylink+better than the -.23 earnings consensus to launch the damn thing into orbit. We'll see.

Intel is in a rare mild retreat today. Apparently, Broadcom's wooing of Qualcomm is seen as making competition for INTC's 'intelligent automobile' venture. If the ploy falls apart, INTC might get a 'relief kick' higher. Why has this market felt 'toppy' for .....years now? My intelligent doom-sayer friend says that when the 'fall' comes, it's going to be mega-ugly. So thought we all. For years.

As Jester must know, TTWO had a terrific quarter, gave terrific guidance, is having a stock price explosion, and pulling ATVI +4% and ERTS +2% along with it. I must be missing something besides Dead Red Redemption 2 in their lineup.