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To: Kelvin Taylor who wrote (38380)2/10/2002 10:08:25 AM
From: Joe Stocks  Read Replies (1) | Respond to of 53068
 
GLW-Look at this comparative chart of GLW as compared with other the composites and other tech.
siliconinvestor.com
GLW's failure to track the market tells me that this stock may be broken. IMO any attempts to recover will be meant with selling. In addition, current fundamentals don't show signs of improvement in profitability enough to support higher prices in the near or intermediate term and GLW's future product demand and profit structure cast doubts on longer term price appreciation. I pulled GLW off my watchlist about 4 months ago as it appeared to me to be dead money at that time. I would have thought it's "fade" status would have kept it higher longer. Maybe worth a trade off of "knee-jerk" news reactions but I don't see a sustained rise.

Joe



To: Kelvin Taylor who wrote (38380)2/10/2002 11:04:14 AM
From: Ron McKinnon  Respond to of 53068
 
>>>In fact the current level would get excellent buy if the stock price doubled in say 18-24 months

it is interesting still to see what % gains people have locked in the brain
(not directed at you KT)
there is still a huge hangover from the few years of 20-50-100% gains on stocks and some/many mutual funds

just about 2 years ago my son put $4000 into the top janus fund JAENX
now remember this was long term IRA money, 20-40 years
it was the ultimate momo fund
had doubled 2 years in a row
up over 400% in two years
well he put in in at the top
today it is worth $1200
down 70%

many many other funds look the same

so how long before he just gets back to even?
at "notmal" growth of 10-12% maybe 10 years
at "abnormal 25% 6-7 years

so to double like you said on GLW in 18-24 months that would be a HUGE return

so take his piddle $1200 and sell Janus and buy GLW?