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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Kelvin Taylor who wrote (38380)	2/10/2002 10:08:25 AM
From: Joe Stocks	Read Replies (1) of 53068

GLW-Look at this comparative chart of GLW as compared with other the composites and other tech. siliconinvestor.com GLW's failure to track the market tells me that this stock may be broken. IMO any attempts to recover will be meant with selling. In addition, current fundamentals don't show signs of improvement in profitability enough to support higher prices in the near or intermediate term and GLW's future product demand and profit structure cast doubts on longer term price appreciation. I pulled GLW off my watchlist about 4 months ago as it appeared to me to be dead money at that time. I would have thought it's "fade" status would have kept it higher longer. Maybe worth a trade off of "knee-jerk" news reactions but I don't see a sustained rise. Joe

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