Got home late, didn't see the news and action on INFN in real time. Thought to myself, "I must be going blind - that first digit on INFN AH looks like an '8' - that can't be right.

Read the blurb from Fallon on short term pressures and lack of visibility. And the tag line of confidence in long term growth - which at this point probably is seen, from just about any company as de rigeur and without any real substance.  If I've lost more in a single stock on a single day, I can't recall it.

I think the problem, as I see it, is an intensifying of something that is true of the market, but not in this concentrated a form: How do you place fair value on this stock, given that it's lost about a third of its value AH, and last time it was in this territory, it was just starting to show some profitability, IIRC. I imagine the Needham analyst who just yesterday upped it to strong buy and a PT of $20 must be asking himself the same question. Is the sector really in this much trouble? If the AH is a horrible over-reaction - well ok, what is fair value. Fallon's simply saying the near term is volatile and challenging or whatever isn't really clear guidance, so the street isn't into guessing games at this point. Arguments seem to be a dog chasing its own tail, so to speak..

I'd think the market would show some mercy as opposed to the stunning AH price. But Hilary probably will have a higher approval rating than INFN, I think. Likely the only way Hilary could raie her approval rating is by hanging herself. As for INFN - I dunno. Better positive visibility is clearly needed, but just how dark and long the tunnel to get there is.....I dunno.