Jon,

I wonder whether there's hope of a dead-cat bounce - I have a hard time evaluating whehter the news is properly reflected by the 25% hit the stock took today. On the face of it,

I'm trying to think of a rationale for holding it. And a downstream question becomes - is this company specific or an indicator of the sector? Both NOK and CIEN have mentioned

margins. So, is CIEN a raging buy in its sympathetic ~2.5% downturn today, or will they also report issues with competitive pricing? We may just have to wait until earnings, probably

late Nov/more likely early Dec. I'm loaded as I want to be on CIEN, but the stock is cheap here if they're on the ball with 5g. And I doubt we'd want to write calls from this price, as 

buying CIEN and then writing calls would make more sense, unless something unwholesome is lurking in their report.

And I was worried Intel might mess the bed. CNBC pointed out that earnings before the announcement were around 11x, which seems reasonably cheap. Although I (think) it's next

month that AMD releases it's EPYC? version 2 datacenter chips.