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Rap Sheet

Author:

Jam ok

Subject:

Off Topic

Date:

10/13/15 at 1:17 PM CDT

 

 

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Sentiment:

Neutral

OT-INFN

<p>What the....? One more useless post, I'm afraid, but it's too crazy not to say something.  I'm a bit stunned but not quite disbelieving that INFN continues to plunge downwards - it was down to $17.64, and I blinked for a moment, and it was at $17.33 - no kidding! If you add it up, it must've fallen 10% or more in the last 2 days. There is no explanation for this, other than the speculation that I previously posted. In the news there's nothing but announcement of further deployment deals. I guess I would add to that, that the stock is acting as if someone knows something about the upcoming quarterly results, and we won't know it until it's too late. Otherwise, Unreal. Hanging in there - incuding thinking 'should I add more'?, but I did that yestereday and it's down $1.30 from that buy.</p>Shows no signs of 'bottoming', but when it does, it's just as likely to have the same upward trajectory with no visible reason.

I haven't really checked whether this is an unusual premium, but the highest Nov. calls that my brokerage lists - stk $21, are still worth .30 cents, when the stock would have to rise > $3.50 to finish ITM. Earnings is between now and then, but still....beta heaven?  Entirely possible that it could finish ITM by then.

 

It is trading below both 50 and 200 SMA.  If it does not hold current levels it could fall to the 14.75 area.  News continues to be good, but technically speaking the stock is quite weak, looks like a broken chart, it needs a convincing beat on earnings to revert this trend.


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Author:

LongTerm CapGains

Subject:

Off Topic

Sentiment:

Neutral

Date:

10/13/15 at 2:29 PM CDT

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