Sort of interesting that it popped back up a bit yesterday and today. Not much, but as if some are speculating. I still have ~20% of my shares that can be called away in May if earnings are good (16's). I am ok with that! Although the options are not projecting anything overly bullish tonight that I can tell. Basically I think it is a good long term buy in the 15 range. Unfortunately most of my shares were purchased 16-19.

If decent to good earnings are in the cards, I think INFN has room to $18 over the next 3 to 6 months, "if" the market does not fall apart.  Long term,, still a bright future. Which, speaking of the market, I have noticed that there is rotation out of high multiple stocks to lagging sectors, specially Energy and Financials.  Unfortunately Tech is among the sectors where there is rotation out.

I am hopeful that both INFN and NOK have already discounted the fears over the past 3 to 5 months and those fears turn out to be mostly unfounded, hence it is more than priced in and we see a relief rally as a result.

On the other hand, one thing that has been bugging me is that INFN has been putting out more PRs than usual, hope it is not trying to prop the shares and they fail to deliver tonight.

lt cap + jon,

Yeah, the two day 'pop-up' of INFN seems strange given that they appeared determined to go sub-$15 and stay there a while. As I was looking around for facts, I saw that they have had an upside surprise in earnings the last 4 quraters (or was that revs only?) So perhaps they pull that rabbit out once more. Not knowing the business in depth, I'd *guess* that they have an even chance to beat again: I'm not clear that InPhi's product is being put into play yet, or at least perhaps not past Microsoft's usage. So I don't see why the quarter wouldn't look good, but the analyst's focus will be the impact and guidance, if Fallon doesn't beat addressing that to them first.

I'm in the same boat as Jon, in a way - all my share costs avg. much higher than here, so if I were going to do covered calls, I'd buy a new batch to do it with. The two problems are obvious: If earnings stink, how badly? And if one bought it two days ago and sold out May 14's, the protection was down around $13.20, and that kind of cushion no longer is that attractive.

INFN has been super volatile for the past 3 months.  The previous time I was in INFN was just before the earnings release for the December Quarter, the stock dropped from high 13s to the 12 area in after-hours trading, giving me the chance to double down, made good money then.

Now I own 3500 shares and I was down some $$3900 on the trade just a few days ago, until the stock started to perk up.  I wish the volume were higher.  Still in the red, down about $1.3K, I am hopeful it rises to the $18s in the next few months, where I would sell the entire position.

lt cap,

I've been involved in some similar thinking: I ended up with 2500 infn shares and 1400 CIEN shares,both unpleasantly in the red, and I'm aiming to try and trade my way out, or at least lighten without a beating. I re-looked at INFN May stk 16 covered calls, and realized selling 5 options was not a bad idea. Right at the close, someone bought 1 option - apparently, that didn't work out too well. Hoping for good results in the CC, as my covered call plan to mitigate some damage did not happen.

In theory INFN should continue to be able to sustain very decent growth.  Let's remember that in addition to their DTN and DTN-X, the company has not added Cloud Xpress (sp?) and Infinite Engine, allowing it to operate in two new market segments, namely Data Center Interconnect and Metro Networks.  All new areas where there is good growth.  The Cloud Xpress may have to contend against InPhi's new product, but that should be limited to short distances meaning that it will only cap that product’s growth somewhat but not render it obsolete as the first reports suggested.

I would hope to see INFN continue to forecast YoY growth in the very low 20% range.  At current prices I believe a mid-term (3 to 6 months) price of 18 is not overly optimistic.  Hopefully Fallon and Co. do not disappoint tonight.  This market has not been kind to those who miss.