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Author:

Jam ok

Subject:

Off Topic

Date:

06/27/16 at 12:43 PM CDT

 

 

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Sentiment:

Neutral

OT - Networkers

I haven't checked the news, so I don't know why CIEN and INFN in particular are getting crushed again. The other day I thought to joke about INFN going back to where we started, in single digits. Doesn't seem so funny now. Fair value is.....indecipherable, at least to me. You'd think this was an opportunity to DCA on some stocks like NOK. But I don't see what's driving the sector down so brutally, so I can't tell what signals that we're near a bottom. It's so tempting but....each day is worse. This really isn't like the 1987 crush-down, at least in terms of all the factors playing out in a relatiely short period of time. Britain has a lot to re-negotiate, and some of that seems to stretch all the way to 2020. So the market is going to have to....learn to live with that ongoing uncertainty? I saw an article headline that said Scotland's parliament (I think it was their parliament - I didn't know they had one) might be a way to cancel the Brexit. 'twould be a day where the DOW would rocket 800-1000 points, I'd guess. But I don't think that will happen. My idiot brokerage is showing NOK with a dividend north of $4. Need to call them and tell them their feed has a problem.

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