OT - INFN 

INFN has bought out a company called 'Transmode' which Fallon is calling a perfect complementary match to what INFN excels in. Stock is up slightly  on the news. Seems pricey around $24, certainly. But I'd be curious to know more about whether this acquisition has enough synergy to start to be interested in INFN as a holding, rather than a trade. As I said, at this price, I've got a cautious attitude towards INFN - they've done great, but have a pretty rich valuation, now that anlysts have fallen in love with the stock. Haven't heard from lt cap for a good while. Hope you're out there and doing well.

On ALU, I've been thinking about $3.45 as a PT at which I would add again to my holdings and be glad to pay that. It has been in a downtrend for a bit, but inch by inch rather than anything dramatic. I may get an itchy trigger finger and buy it at $3.50 today. But so far, I don't see any reason for support to kick in. I was also reading an article on gold, with the opinion that we really haven't had a bad crisis that boosts that commodity. Not sure about the 'boost', but as I think of it, the premise seems right - all the potential crises - Greece, Ukraine, Iran nuke deal, etc. have just not materialized when push came to shove. Perhaps we are overdue for a 'correction' in more ways than the usual meaning of that term. I don't think the Chinese blast qualifies - if it had been timed to the new year on the Chinese calendar, they would've just covered it over as 'planned fireworks.'  Market seems non-plussed by it. Ho hum.

LGF is flying - kissed its 52 week high today before backing down a bit. Content and execution are king again. Avg. PT is now $41.50. Not buying - have a small stake which was bought at $12. Not enough to write options on, don't really want to deal with that kind of capital gain right now. Just hope it lives long and prospers.