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Technology Stocks : Corning Incorporated (GLW)
GLW 82.07-0.4%Nov 14 9:30 AM EST
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To: John Trader who wrote (1619)2/9/2002 12:08:52 PM
From: E_K_S  Read Replies (2) of 2260
 
Hi John - I added to my GLW position but not because of their optical operation but I was attracted to their biotech life sciences division. IMO, their life sciences division will be a long-term winner for the company.

Regarding last mile digital technology, you might check out Advanced Fibre Communications (AFCI). I have owned them for about 30 months and have seen the stock trade as low as $8/share and as high as $80/share. They have about $11/share cash from their sale of Cerent to Cisco. Like many of the telecommunication companies, their stock price is near their two year low. This is a long-term hold like GLW.

Like others who have posted, I recently bought HAL and hold positions in Sunw and Orcle. I think when the recovery begins and companies can report two or three quarters of back to back earnings growth, you will be well rewarded.

I suspect that late this year and early into next year these companies will show better year over year earnings. It’s possible that there might be a better entry point to accumulate positions but I tend to make my purchases in 1/3 lots. This way you are able to average into a reasonable price. To generate income, I hedge up to 1/3 of my new purchases with long-term call options. I try to apply the hedges when there is a significant rally that generates a high OBV (on balance volume) and the price is above the 50 DMA.

I am still looking to buy more GLW, HAL and PFE on any pullbacks.

EKS
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