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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Joe Stocks who wrote (39747)	5/21/2002 8:55:23 AM
From: DanZ	Read Replies (1) of 53068

I think that I answered your question in my post to Larry. I would agree that GLW is in a downtrend on the long term chart, but the stock has been relatively flat in a narrow trading range on the daily chart. I wouldn't call the daily trend down. I don't have time to post any backup data at the moment, but Corning's stock is trading at a historically low level relative to revenues/share, earnings/share, and dividends. If one believes like me that the economy is close to a bottom, I think that it is a good idea to buy companies like ORCL and GLW if they drift lower. Like I said, I would trade these stocks around a core position because they are volatile and I don't think that these stocks or the overall market is ready to sustain a rally.

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