It amazes me that so many posters here honestly keep expecting some big imminent breakout in Corning's stock price. Since August we have been in a credit panic which most pundits expect to result in a recession. Investors are NOT looking to increase their overall stock exposure in this kind of environment. In most instances they are lightening up equity exposure. And when they are looking to buy right now, it is usually in defensive stocks, not stocks that get 90% of their profits from big ticket discretionary spending.
In today's trading there are 3 1/2 stocks down for every stock that is up.
Posters would not be so frustrated here if they got a little more realistic. Corning, the company, is doing great. Corning, the stock, is not going to attract strong interest until the very real concerns over the economy have abated.
Well 2 stocks are:
"On the upside, Evergreen Solar (ESLR) was up 10 percent in active Nasdaq trade after UBS Investment Research upgraded the solar cell maker on "strong growth potential".
Biotech BioMarin Pharmaceutical (BMRN) gained 22 percent after analysts said the company's new drug Kuvan, designed to treat a genetic disorder, will be "more profitable than previously thought."
They were up today in the same market. I don't feel anyone on this board is unrealistic with the news out on Corning.
In about 3 years unless of course something else happens. Bet something else happens. The human species just can't help themselves. This is the most corrupt world since creation. Evil abounds.
I've been lurking on this board since October of 2002, when I first purchased Corning shares.
Since that time I've noticed similar periods of consolidation.
One of those periods was quite extended and lasted from October of 2003 thru the latter part of April of 2005. After that, we never saw those share prices again, as Corning rocketed to the mid $29.00 range.
Reading many of the posts on this board over the past year has reminded me of that time frame.
Consolidation, I feel, is a wonderful thing. It presents many opportunities for excellent returns for the long term investor.
I believe Corning will be just fine over the longer term.
I only have one digital camera, but I've just purchased my 4th Sony LCD HDTV.
There is one thing of which I'm certain. I can't see myself purchasing a CRT TV in the future. And I don't think my children will either.
Anyone else here share this view.? JMVHO
in another month, this will have gone absolutely nowhere in 2 years. I think thats where the frustration is coming from.
Some stocks never live up to their potential for one reason or another. Many times its manipulation, and sometimes its just an issue hanging over the company and holding it back. This one is really a puzzle though. I held BWNG for the longest time and it never lived up to its potential due to poor management more than anything else. I like everything about this company and the management, and the products. It is a leader in every facet of its business and the out look is fantastic. I wish I knew, but I am optismistic and holding.