Recent

% | $
Quotes you view appear here for quick access.

Corning Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • mikey95112 mikey95112 May 30, 2006 4:36 PM Flag

    GLW getting hit hard today...

    Absolutely. Those who panic now shouldn't be in the market. While GLW's -3.92% drop for the day looks bad against DJIA's -1.63%, one has to keep an overall perspective since GLW is an individual stock. I like to monitor the daily Advance/Decline ratio. As it turns out, it ended being roughly a 1 to 3 ratio, which meant that GLW fit the general pattern of a drop along with 3/4 of the market.

    And if you'd rather that GLW didn't drop significantly and held fast with no change, then keep in mind the other side of the coin. If it was a bull session where a lot of stocks went up, a "no change" stock in a bear session today is also likely to remain a "no change" stock. Which do you want? A stock with no volatility to make money, one that is a stable stock stock that barely keeps up with inflation? Or perhaps a moderately volatile stock that can make it a worthwhile investment.

    It's like casino gambling; if you can't stomach "losing" money, then don't bother playing. Unlike casino gambling, however, today's loss is a "paper" loss. Until one sells, you don't realize your gain or loss.

    Here are the stats at closing.

    Advances & Declines
    NYSE Nasdaq
    Advances 748 (22%) 724 (22%)
    Declines 2531 (74%) 2314 (73%)
    Unchanged 111 (3%) 124 (3%)

 
GLW
18.14-0.33(-1.79%)Feb 10 4:00 PMEST