Corning Incorporated (GLW) Message Board

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Technology Stocks : Corning Incorporated (GLW)

GLW 85.48

-2.8%

3:59 PM EST

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To: t2 who wrote (944)	10/13/2000 1:32:50 AM
From: Asymmetric	Read Replies (1) of 2260

Nasdaq Has Been Down Now 14 or 15 Of Last 16 Days. Can't remember so many down days strung together like we've seen last 3 weeks. If techs don't bounce tomorrow (due to Middle East and reluctance to hold stocks over weekend), it only means they bounce that much harder next week, IMHO. Everyone knows we are due now and I for one am loaded to the gills. Even if we still dip somewhat, (barring some kind of full- scale war or oil crisis) the majority of the selling is done. Also if you want to get the best bargains you have to be willing to get in on the early side. Once everyone realizes the selling has exhausted itself, all that cash built up on the side line will come back in, and I'd rather have time to pick over my merchandise than have to stand shoulder to shoulder with other "eager" buyers. So seems to me risk-reward over the next few weeks would seem heavily weighted toward reward. Oil is economically unsustainable at $36/barrel and once that's apparent and it starts to come down that should further stabilize the markets and boost stocks like Corning that report superlative earnings. That's how I see it. Good luck to all. Peter.

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