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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (44467)9/21/2011 6:01:51 PM
From: Sergio H  Read Replies (1) of 78550
 
I look at the fundamentals as well basic technicals. When a stock is hitting new lows and doing so with average volume it indicates that there are more sellers that have yet to unload. So, a buy on GLW today, before the program selling reaction to the Fed. policy, would not be a good entry point or a good opportunity to add shares. I would look to see why the stock is hitting new lows instead of guessing or just looking at the numbers and saying it is a good buy based on their prior history.

It appears that the flat panel displays account for half of the GLW's earnings and that their market share in this segment has been steadily declining since its peak in 2009. Additional concern is that only two customers account for almost all of their flat panel business.

I do agree with you that some of the numbers indicate that the price on GLW is close to finding a bottom. The PEG is very attractive and analyst are forecasting that their flat panel sales will pick up.

On the topic of Platinum, what's different now is the relationship with the price of gold and platinum. Platinum has historically and consistently traded at substantially higher prices than gold and futures for the two metals are currently even, suggesting that the upside for platinum is higher than for gold.
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