<p>OT - opt net stks</p> <p>CIEN CC will be June 2nd, if IIRC. News headline says CSCO reports tomorrow - seems strange to give such short notice, unless this was a re-reporting, seemingly new. CIEN is up .40 cents on a pretty bad market day. Go figure.</p> <p>INFN keeps nagging at me - The large buys by Fallon and the CFO sub-$12 (around $11.80? IIRC) seem to be an unalloyed endorsement - unless there is something about those buys that protects them from risk that is not afforded to general shareholders. Yes, I know they get 'gifted' shares with zero cost or much reduced as a part of their compensation package. If I knew that the risk they're taking in their market-price accumulations were equal to mine, I'd be tempted to buy more here, even though I am already rather overloaded. The conference call certainly sounded like there were problems with either the business, or with their knowledge of it, which they were skirting repeatedly. But those buys.....Fallon saying that the InPhi challenge was not even material to INFN's products, and then sinking 1mln IIRC - why not bet on the best info source their is on how INFN fares from here?</p>

And, I'd be a fair amount more bullish if he fundamentals of the market looked sturdier. As I've said, the earnings and GDP figures gone over by Jester and lt cap don't lead to a very optimistic outlook.

And, for that matter NOK looks very cheap at $5.10. But it also did at my last buy, in the $5.70's. Upgrades in analyst sentiment clearly aren't having much impact. If it zooms up from here, I'll feel foolish. But that also applies if I buy more here, and it goes sub $5. No clear path, really.