Sterne Agee has just downgraded Corning to Neutral from Buy based upon the impact now being fully reflected in the stock price.
Sterne Agee Andrew Huang's view is that the Samsung transaction makes sense financially due to immediate accretion and strategically given benefits of a long-term partnership. unfortunately, it also believes that investors have priced the favorable impact of the transaction into the stock.
Downgrading this stock would seem to help the shorts cover their positions on this incredible news.
This opens up unbelievable economies of scale - ever heard of that?
What about the shorts. The gamers have gamed this stock for months . Short interest 28 million today - all these suckers are going to make hay for me. It was as high as 35 million within the last two months. The Fools played this all the way. The shorts have to cover and this stock could fly over 25 in the next few days.
Who knows it could go to 50 or more in the short run when these Fools cover.
Maybe the guy straddled. That the short interest is down indicates somebody knew something was up. On the other hand, the gamers game was up. Just what groups were manipulating this stock.. They made hay for some time. A month ago l6 million shares traded on incredibly good reporting news down as much as .8 during the day and settled down at .40. How do you explain that, except the shorties were covering at a good price for them. The next day the stock shot up .75 to a normal level based on the new earnings info. Watch them cover now.
One Fool offered that a $l6 call for January 2015 could be a good deal payng $l.29 when the stock traded at $14.50. What a Fool he was.
With the last earnings report. it was extremely positive. l6 Million shares were traded and during the day the stock was down as much as .80 ending off like .40. What Fools sell a stock and push the price down on a glowing report on top of numerous glowing reports about the Company. People manipulating the stock do.
Just who is manipulating the stock. The Investor Relations Groups at GLW has no idea what is going on with their stock. Very Strange. The exact same scenario happened a month later. It is amazing that the people pulling the strings on this stock can pull this off week after week.
So, who is pulling the strings on this stock. Apparently, they have it in a jammer with shorts, puts, and straddles. How do they pull this off?
Fools reports feed right into this strategy. This stock price is easily manipulated for some reason.