If you think it's crazy to buy more today because "you can receive a 50% haircut by morning", why would you not sell the shares you already own, for the very same reason? Is the analysis different?
To answer my own question, and yours: The analysis is not different. You're not selling your shares (nor am I) because you think they'll go up tomorrow morning after the earnings report, and you don't want to miss the early rise. You (and I) recognize there's a risk that the earnings report will be disappointing like that of CMTN and COVD, but you don't think that risk is enough to offset the prospect for early-morning upside from a good report.
<<Mark my words if you don't buy today the Dust your talking about clearing is from the stampeed that just passed you by.>>
I'm very optimistic about NXTV -- ironically, more so today because some APPARENTLY similar companies (i.e. the "slow DSL" companies) are at long last being distinguished in investors' minds. However, I've been chastened a bit by the negative market sentiment these past two weeks. So I don't expect a huge run-up of the old sort that we all got used to with NXTV. I think it will move up, but that the real run-up will take a while, notably until the analysts have quizzed NXTV management, called prospective customers, talked with Motorola, Qwest, etc., to become independently satisfied that (1) customers are not planning cutbacks in capital expenditures that would affect their decision to buy from NXTV; (2) they will indeed buy from NXTV when they do buy; (3) they'll buy reasonably soon (ideally this quarter, but I'm not counting on any big orders this quarter), which in turn will probably reflect NXTV's success in cost-cutting measures that allow it to offer price reductions; and (4) Motorola will be there to help NXTV if NXTV bites off more than it can chew in committing to orders (i.e. installation, training, troubleshooting).