<p>OT - CIEN - Woodchuck came out of its hole and didn't see his shadow - 6 more months (if not 6 more years) of 'winter' for this stock. Ugh. They didn't seem to have lied about the shift in ATT revs into this quarter, as they beat revs and earnings, if I'm reading it correctly. But they also gave no hint of this nasty forward guidance, in which they're saying they're going to gain market share, but that growth itself will be slow and apparently disappointing. This appears to me to be more than the generic 'lumpiness' of revenue in the sector. I'm not sure there was a better way to handle this, but losing 17% of your value in one day suggests to me either it could've either been managed better in terms of breaking the news (early earnings warning?), or that there is no way to soften the blow. 16 of 20 analysts have a 'buy' on the stock with an average PT of 29. I imagine that is about to change markedly. Altho Well Fargo and Cramer (Ugh) is counseling patience, buying opp, and taking the long term view. INFN off 3.5% - I think they're competitors, or maybe it's that MKM partners named CIEN and INFN as their 'top picks' in optical networking at a conference on Nov. 23rd. I really hate it when CEOs at CC's statements are all future tense -'we will' and 'we can' rather than 'we did' - but what else is there to say? - We screwed up and will continue to do so?</p> <p>All my shares are underwater, and not selling options as a hedge on CIEN and buying back some calls on INFN yesterday was obviously not the right move. But I'm in it for the long haul - so I'll sit tight - altho I can't see any positive drivers in the near-term going forard - when INFN does report, if they do well it goes badly for CIEN, and if they do badly, it goes badly for CIEN. At least ALU just dances to the tune of NOK. I'm sure lt cap has a better handle than I on what the CIEN results mean.</p>