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Author:

breinejm

Subject:

Earnings

Date:

12/14/18 at 11:53 AM CST

 

 

READ: 4

RPLY: 2

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Sentiment:

Neutral

Reply to:

MSG`#4850,`12/14/18
By LongTerm CapGains

 

Re: CIEN earnngs

I bit the bullet and no longer hold any INFN. What was once the highlight of my trading ability became my biggest downfall. I do not think I fell in love with it so much as I thought its prospects just couldn't have changed so drastically. I think I was up ~150k at one point and lost about 110k on it in last 12 months. Sucks at levels I cannot even come to bear, but also feels good to be out from under it hoping at 12 it gets backto 15, at 9 it gets to 12, and at 6 it gets to 9, and at 4 it gets to anything higher, etc.  I thought as 5G rolls out it would have to renbound some, but now I don't think it can secure any big wins in this enviroment with subpar tech and any smaller wins will be won by undercutting at a cost such that I cannot see it getting through 5G with any certainity uinless their R&D comes up with something different.  And how likely is that at this point?

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