Washington Mutual (WM) and ETrade traded higher today. I have a feeling that Wamu hit its bottom at $4.80. I think its safe to say ETrade's at its bottom as well. I feel both these stocks are due for a rebound, more so ETrade. I think Wamu's more mired in the credit crisis than Etrade.
Im looking for a long term, financial-rebound play with both these stocks. 2nd quarter results should be interesting to say the least.
Wednesday, July 2, 2008
Tuesday, July 1, 2008
Corning (GLW)
Corning (GLW) hit a 6 month low of $22.60 today. The selloff seems to be for no apparent reason, as Corning has reiterated that the economic slowdown has NOT affected revenue. S&P has reiterated a "strong buy" on shares of GLW. I think GLW is an example of a selling frenzy. Look for a rebound.
GLW at Google Finance
GLW at Google Finance
Subscribe to:
Posts (Atom)