GLW went on a huge run lately ($11s to the $16s very quickly). But the volume has dropped off dramatically in the past week.
The 3 month average daily volume is 10.66 million shares per day. We did just over 6 million yesterday. Read this article that came out today. It fortells that GLW is heading back down :
usucktheteat if youare answering my post, I don't understand what you are saying...my post is directed to Philandjoelle and if you like to understand what i wrote, suggest to go back and read the original post.
I invest in GLW and as of now, I am keeping the stock. I like what they do and I will keep reading up on it.
again...all you are telling me has nothing to do with GLW four businesses. Yes it has gone up alot. But the company is solid from the top down. I don't know what my time range on GLW is whether it is long term, medium or short term. I think our upward movement is not as crazy as a stock like GOOG if you wantt to talk about valuations and such. I agree we can retreat but probably not below $15 a share.
Agree 100% that a pull-back to $14 would not hurt the longs.
I have stated that GLW is actually a tremendous turnaround story. Stocks simply can't go from $11 to $16 in 2 weeks without some profit taking.
If and when it goes to $14, I may buy call options.
The over-confidence of the longs is what convinced me to buy put options on this stock. That, and the run from $11 to $16 in a couple of weeks and the insiders selling in the $15s.
I see $14 by July. We'll see.
I don't predict the price of the stock but like I told you before and will tell you again, we will not go below 15 unless there is a MARKET CRASH. This stock is way too strong to go that far down. We have tested the 15.5 many times just to see it move up again. There are no negative news and I don't see any coming in GLW direction. The stock is taking a break for a little before more postive stuff come out. It traded like this when it was in the 10-12 range till it broke out. You tell me what part of their business is weak and then you can make your point. Just go out and buy an LCD tv and be a sport.