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Corning Inc. Message Board

  • docent54 docent54 Aug 19, 2014 10:02 AM Flag

    Looks like Corning wants to return to the 19s. Is this more Sapphire nonsense or just weekly churning.?

    Thoughts?

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    • Looks like market BS to me. Quite a bounce at 20.00 half hour ago, now running out of steam. Unlikely a big player liquidating or they would have been all over the bounce.
      You can worry about GG v sapphire, but seems like a small threat to the overall business, even if the sapphire obstacles can be overcome (expensive, hard to work with).
      IMO, this is just MM and institutions over punishing for a penny miss and (typically) cautious outlook. Likely to go on for a couple more quarters. Might entice an Icahn to jump in.

      PS - any news on willow glass. 2016 target for consumer products, but any updates on how its doing? bendable glass seems like a perfect match for the wearable electronics starting to come out. i-watch is great, but what about the i-wallet, I-necklace, or foldable/rollup I-pad.

      Sentiment: Hold

    • I'm thinking weekly churning. Looks like we're going to test the middle line of the Bollinger Band (12 day MA?). If that fails, we test Friday's low of $19.90. If that fails as well, looks like I'm out @19.61. Don't understand what's wrong with this piece of garbage. Wishing I'd have cashed out yesterday. All the good news in the world can't keep this thing afloat it seems. I'm holding to 19.60, then out like the fat kid in dodgeball.

      Sentiment: Hold

 
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