Jon,

Yes, I'm not terribly worried either - altho, the margin on remaining shares is pretty thin, and CIEN has a habit of retreating post-earnings for what sometimes is a good while. 

Just hoping that longer term, the disappointing margins, plus their failure (the street sees it as a failure - is it a failure?) to raise guidance, rather than re-confirm it, *might* bespeak

of what we're so familiar with in this sector - selling equipment on the cheap, and making their money on the back end in service and add-ons. 

And the strangest thing happened - on some shares, I had a strike of $41.50 that were to expire last Friday - and the stock never got above $40.02 on Thursday - but in the wee

hours of the morning, someone bought some of those calls for $41.50. Who? A dyslexic Chinaman? I dunno. I'll take it.