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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: E.J. Neitz Jr who wrote (39734)	5/20/2002 4:30:07 PM
From: Joe Stocks	Read Replies (1) of 53068

GLW- Ed, why add to a losing position especially the way GLW has been acting? I can see maybe trying to call a bottom but trying to lower your average cost usually doesn't work. I think GLW set a new 52 week low today and sold off late on high volume. Also, looking at the fundies they really are not that cheap. GLW has a projected PE of 200 next year and with cap ex spending cuts I would say that is at risk. Just some thoughts meant with the best intentions. Joe

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