Obonzo, then you also know that the share price will raise/drop depending mostly on forward guidance rather than on latest sales figures.
I sure don't have a problem with wanting INFN to reach new highs. Please explain, to me, how badmouthing CIEN on this board helps out with this goal.
As you say CIEN was up only 1% today, but if you look at yesterday's close of up 10%, your post makes even less sense. This is just my opinion, but I believe that both stocks have value, in their own rights, and they do compete with each other but they are both successful in an industry that happens to be growing, nicely.
gapsc, you have me mixed up with some others, who may or may not have shorted this stock. I'm long this stock, as well as CIEN, and am voicing my opinions here to keep some of the crazies honest.
OK burn, since you cannot decipher what an opinion is, let me spell it out from your post. "They will be devastating to CIena. Wiping out their already thin margins." You are now free to show us where those comments appeared in any "Financial statement"!
I'm sure the CIEN shareholders are just shaking in their boots from your prediction. Which quarter are you suggesting these massive losses start showing up, since I've destroyed your prediction for this quarter?
You are certainly entitled to your opinion, burn but that's all it is. And you do realize that this in not the CIEN board-what is your purpose here?
OK burn, what you post is from three months ago. My quotes are from a posting of theirs on Aug. 3. When the facts change, it appears that you choose to put your head in the sand.
The company said "it expects the Cyan acquisition to have no effect on earnings for the next year." They went on to say that since the acquisition occurred earlier than planned, the "boost" to earnings could occur earlier.
Yessir tam, the last few days showing huge numbers of shares selling-those must be the small investors you are talking about. That was nothing but small investors skampering out so's the big money can swoop in and buy on the cheap. Whew! Get a grip!
Who are they?
As I stated, all high beta stocks are getting hammered today. All I'm fairly certain of, here, is the reasoning that INFN is getting hammered harder than CIEN.
Why today could have to do with Fed minutes that came out yesterday and may have spooked some-investors have been known to get spooked for stranger reasons.
By your own argument, lousy is just here busting gonads. I4e is mostly full of #$%$, just like lousy. However, having said that, lousy put his finger on today's problem, IMO (high P/E).
And share price is most often determined on forward looking revenue growth, as opposed to YOY. That is, IMO, what today's drubbing is all about. All these high beta stocks are taking a beating-just a re-balancing taking place that we sure aren't happy with but these things happen from time to time. As you say we agree to disagree.
It's those days that are responsible for INFN P/E getting as high as it has been. Today is different, IMO, with volume and may end up being a big covering day for all the short sellers (in both INFN and CIEN).
As far as i4e is concerned, my main #$%$ match with him/her is due to his constantly showing up on CIEN board with total BS posts, along the lines of lousyburnstinker. He is a troll on that board, just like lousyburnstinker is on this one.
Surely don't want to give lousyburnstinker and kudos here, but I believe the reason for INFN dropping here more than CIEN is due to the fact that INFN's P/E is so much higher than CIEN. And I own both companies-however, it appears that, of the two, INFN is the more overvalued. We'll see how it all shakes out, of course, but I don't see lousyburnstinker being any more wrong than you, most of the time.
i4e, Just my guess here, but I expect the folks here pay about as much attention to your ramblings as they do on the CIEN board.
Give it a break, i4e.
Don't look now but INFN is off almost 8% in this correction that may turn out to be a buying opp. Clearly your position is wavering and that explains why you are over here attempting to run this stock down with mostly BS.
You can't possibly think that CIEN shareholders are going to sell their shares based on your ramblings! Who's paying your for your BS?
i4e, You do realize that Mr. Savageaux is a newbi as these guys have just started following INFN and CIEN. Might be better to look at the average of analysts for their future share price numbers. When you do, you will see that CIEN is shown to be higher than INFN.
I realize, of course, that you are only looking out for us longs here but save your breath.