To: bobby is sleepless in seattle who wrote (1030 ) 1/3/2001 9:49:26 PM From: Susan G Respond to of 5732 Another email analysis, I get too many of these things <g> GLW - Corning, Inc. $55.44 +8.06 s/l $49.00 Sector - Optical Communications Corning Incorporated is a global, technology-based company, which operates in three broadly based business segments: Telecommunications, Advanced Materials and Information Display. The Telecommunications Segment produces optical fiber and cable, optical hardware and equipment and photonic modules and components for the worldwide telecommunications industry. The Advanced Materials Segment manufactures specialized products with unique properties for customer applications utilizing glass, glass ceramic and polymer technologies. Well, today traders got the fundamental shift in mentality that was needed from the FOMC. The lowering of the federal funds rate combined with a lowering of the discount rate exactly what the market needed to send the shorts heading for cover. The big question is whether today's monstrous rally will continue. Was the move higher by 14% in the COMPX mainly due to shorts running for cover? Were the institutions buying? We know one thing for sure. For the NASDAQ to begin the pain recovery process, large cap names such as CSCO, SUNW, INTC, and GLW will have to lead the way. We are betting on the bigger names versus the wildly swinging networkers or hardly moving box makers. As a widely held institutional favorite, GLW should lead the way higher for the NASDAQ. Just two days ago, Lehman Brothers chief strategist Jeffery Applegate listed the company as one of this top picks to outperform the market in 2001. As for the company's future outlook, here are a few tidbits. (1) For the next two years they've booked orders for every single strand of their Leaf Fiber they can make. (2) They are supplying the fiber to the Chinese to wire China. This is expected to take over five years to complete. (3) They have one of the sharpest management teams in the world. Combine these three factors with the 51% decline from the stocks 52-week high, and you have the makings for a true winner. Sure the 17% gain in the session Wednesday was a touch rich for our blood, but as we noted above, you have to realize the HUGE fundamental shift that the Fed's intra-meeting rate cut represents for the market. Gun shy portfolio managers that had been burned over and over for dipping their toes in the river NASDAQ will be back for another try in the weeks to come. Hey, since 1970, the average gain in the S&P 500 Index three months after the Fed initiated a series of rate cuts cut is more than 10%. Six months later, the S&P 500 averages a 19 percent gain, and a year out; the index averages a 24 percent return. Stick with the leaders when considering the last statement. We've done so by adding GLW this evening. If the stock should pull back to the $50.00 range, consider it a gift. Average Daily Volume = 11.4 mln 52-week: High = $113.31 Low = $34.31 Next Earnings 01-22 est = 0.28 versus = 0.17 Chart = stockbottom.com