going to have for the 2nd quarter, I still believe that Wallstreet is gonna screw us, why would this time be any better or different from past quarters? Especially if everyone is saying that the 2nd half of the year is going to be poor?
Damn we are getting screwed, every which way you can imagine in this market.
Well, as I said before, I plan to liquidate all of my calls if/when we have a dead cat bounce--otherwise I'll get stuck holding the bag on them. I don't disagree that the downturn in the economy is going to put pressure on GLW, but I don't believe it will stay at $20 for a long period of time.
You should be. You can see the market is discounting anything GLW puts out. Not even the good news is counted. Don't know where this is going to end, but so far it has cost me dearly. Good luck to all. Took half my position off over the last 2 weeks and bought BACK this m orning thinking it was going to finally start a run. May take the rest off tomorrow.
It goes to 20, maybe teens for a while. Shouldn't go much lower than that because assets are worth that much. Will trade between 18 and 22 for next two or three years. Maybe forever like GE. No news, earnings reports, dividend announcements, buybacks or whatever else you can think of will change any of that one I ota. I posted this 2 weeks ago. If you don't believe me then just wait and see.
I agree. I was just looking at the charts trying to find some support, but we have fallen far below every major area of support. It's hard to know what to think at this point--it seems like we're just at the mercy of the market in general now.