<p>OT - CIEN - A couple of days ago, I think it might've been Bank of America (or some similar brokerage) that called CIEN the leader of the networking sector, and hung a $28 PT on it. It makes it a bit difficult to kno which way to play it - I've heard those numbers - $28, $32, pie in the sky for a long time. Earnings are projected to be Dec. 7th, and you can get a decent return - $1 or so, depending on the strike dates of $21.50 calls. If they don't do wonderfully, it'd be nice to pocket that premium. But in a sector in misery, what if they top estimates, as they did a year ago, and zoomed to around $25. </p> <p>The poor health of the sector in general might argue in making that bet. But prediction has been a pretty iffy enterprise - Cisco, which was supposed to struggle with a number of difficult issues, is breaking new 52 week highs in the upper $30's. Go figure.</p>