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Corning Inc. Message Board

  • ironroad41 ironroad41 Jun 21, 2007 8:22 AM Flag

    Ah! The Game

    Yesterday was a nice example of how Cornings Price responds to good? news (probably already discounted - all good news is). The speculators drove it up expecting a rise in price! Everyone got excited - even the board (27.05 by end of day!!!). $10M hit the table ($26 times 400k ) approximately. And then the smart money sold and took their profit and then bought at the bottom to start it over.

    They continue to amaze me!! So moral of the story: buying on good news isn't a good strategy with Corning. JMHO.

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