Corning Incorporated (GLW) Message Board

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Technology Stocks : Corning Incorporated (GLW)

GLW 85.48

-2.7%

Nov 7 9:30 AM EST

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To: Techplayer who wrote (941)	10/11/2000 9:43:32 PM
From: t2	Read Replies (3) of 2260

techplayer, One has to look at the market itself. There seems to be a shift. The Semis bottomed out today and Intel hit 35 and change. Now AMD's earnings helps Intel rebound combined with Intel's CEO's comments on his stock. The PC stocks have been killed and so have the networkers. AMCC and GLW are going to change sentiment in the sector and we could have a fibre optics lead rally in the Nasdaq. No doubt in my mind that we will get a 100 plus point gain in the Naz tomorrow! It does not matter if people sell into the rally; mark my words, we are going up at least 100. IMHO of course.<g> The XLNX and ALTR downgrades have killed so many semi stocks that those holding won't sell anymore at these prices. They have botttomed. Like someone said, they are pricing in 3 recessions into these prices.<g> JNPR is going to blow out the quarter; no doubt in my mind. I don't follow RBAK at all. Naz can only go up. So many sectors have been hit so hard; some just on worries without real hard evidence. That indicates a Nasdaq bottom to me.

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