A flattish open!  Stop the presses, it’s…

A flattish open!  Stop the presses, it’s been a long, long time since we last had a flattish open.  Well, it’s been a few days at least.  At any rate, it feels a bit slippery out there to this trader and I expect the path of least resistance for the intraday action today is lower.  On that note, our two equipment infrastructure stocks, Ciena and Riverbed, are down 3% plus each today, mainly on people listening to my old mentor and friend, Jim Cramer, who’s telling them that there’s a major inventory correction going on in the industry.  That comes from component supplier, Finisar’s recent horrible report in which they talked a lot about there being too much inventory in the channels and that they were seeing orders pushed back.  With Ciena up more than double and Riverbed up more than triple from where I added them to the Revolution Investing portfolio just last year, it’s not a shock to see these stocks pull back hard when they finally do pull back.  Remember that I turned cautious near the highs a few weeks ago in anticipation of seeing these stocks pullback like this.  I’m nibbling a bit more of each today, adding another tranche to their scales.  But I probably will work these orders slowly today, as it does indeed look and feel slippery out there in the intraday markets.