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Technology Stocks : Corning Incorporated (GLW)
GLW 89.01+1.3%3:59 PM EST

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To: Ibexx who wrote (894)10/4/2000 10:59:18 AM
From: t2  Read Replies (2) of 2260
 
It is not unexpected that GLW dropped this morning. Those playing it just for momentum got out or some others may have decided to short it. The old pattern of selling after the stock split came back into play instead of the run up after split that we saw with CIENA. At least after today, we will just have the believers in the stock staying long.

I am looking for a great bounce in GLW if the Naz finally turns around today in a big way---which it should, IMHO.

It is being recommended by lots of people as a "value" optical components play. I have certainly been buying it.
JDSU is holding up pretty well (for now) and that is a good sign for GLW.

Now at 276--(if compared to pre-split) it is a great bargain. As soon as the dust settles, I believe lots of people will come to the same conclusion.
I am waiting for the big surge in stock price late day!

Good Luck all longs.
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