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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: FR1 who wrote (792)	1/7/2001 5:24:02 PM
From: Jenna	Read Replies (3) \| Respond to of 6445

GLW ----> biting the dust on Monday. marketgems.com I had if figured already as a probable technical drop but now with the impetus of this earnings report it looks more certain. So, another high-flyer misses their numbers. I figured it was worth about $35 and it looks like it could get there tomorrow. No matter how your look at GLW missed its numbers and I expect about 25% off its price if not more GLW was trading 44 times earnings, that wasn't awful but it could have been better valued at a lower price, when it should have traded at 25 or 29 (a P/E of 25 might work) times earnings. Now it will, so now its real value will be worth the price it drops to. So GLW might be a buy after tomorrow's haircut.