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Corning Inc. Message Board

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  • scootr1971 scootr1971 Apr 6, 2012 2:48 PM Flag

    The good news of Glw

    It might just be me but it looks as though Corning will drop down to about the 13.20 range in the coming trading days to reach the bottom of a wedge pattern that started back in Sept/Oct of last year. The price action is definitely compressing. The lows of the upward trending channel are still intact. All bets are off if we enter a new war with IRAN. Also check out the correlation of prices between GLW and the S&P over a five year time period. The divergence in prices is overdue to correct. Either the S&P is coming down or the GLW is going up over the coming months...or both. Just my noob opinion.

    Full Disclosure, I recently entered a deep in the money Jan 13 call position.

22.74+0.27(+1.20%)Mar 27 4:00 PMEDT