Corning Incorporated (GLW) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Corning Incorporated (GLW)

GLW 80.71

-0.5%

1:12 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JOHN N. who wrote (1236)	2/11/2001 3:55:09 AM
From: Dale Baker	Read Replies (2) of 2260

First I decide where I think the market will be one and two years out. I could see the Naz in mid-3000's by Jan 02 and 4000's by Jan 03. So the next question is where GLW is likely to trade at those points. My guess is GLW goes back to the 80-100 range if the NASDAQ makes it back to 3500. Harder to say about Jan 03 except I know their business is solid for a few years, so the target price would be over $100. I don't like to pay for lots of time premium with LEAPs. Just my preference. So I look at what an at the money or in the money LEAP would cost today. For GLW the Jan 02 40's you pay less than $13 today. A $13 investment now has a good chance of being worth $40-60 by the end of the year, good risk-reward in my book since your downside is less than $20. You can get the same profit buying shares if you are willing to put up $40 now instead of $13. Your downside is probably lower if the market doesn't rebound. GLW probably has good support in the 30's. The Jan 03 40 GLW LEAPS are only $16, an excellent risk-reward. If I add in GLW I will probably go for those to spread out my time risk. Hope that helps.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next