I have spoken about Corning (GLW) enough to make you say, “enough already, we get it”.

GLW should be a core long term holding in your portfolio.  They had a little hiccup in share price about 6 weeks ago (down to the mid $14′s) but have moved up about 25% since that point.  It was kind of odd that they sold off, because Corning has made it a habit over the past few years to pre-announce in a way that essentially says that they are on track.  That is what they did on 10/22/2009.  After that announcement, they sold off about 7%-8% within a week.

I wish that I would have taken the opportunity to add to my current position.  Let me reiterate why GLW is a great long term buy.

A leader in the following core sectors:

• LCD
• Filtration Systems
• Fiber

Corning - GLW

Those three sectors alone are fantastic long term plays.  We haven’t even seen the real impact of climate regulation and the continued move toward larger and flatter TV’s, monitors, and devices will allow the LCD division to generate plenty of cash.  Let’s not forget about our constantly growing demand for bandwidth which ultimately leads to more fiber.

There are plenty of other markets that Corning is entering with plenty of R&D money.  This is a smart long term play.

If you are a regular reader, you will probably know that I am a big fan or Corning (GLW).  They are positioned so well for the spending that is still occoring in the economy and also to take advantage of the spending that will come once we recover.

Flat panel: TV shift continues
Green Tech: Filter products
Network build outs: ongoing and stimulous money helping to spike the current spend
Cell phones and other devices: Gorilla glass ®.  Let’s hope for that Apple tablet type device to boost 2h 2009.

If you are looking for a nice long term investment, consider Corning.  There has been a bit of a swing in share price, but anything under $15 a share should look like a fantastic entry point in a couple years time.

I am trading in some option contracts right now.  Down a bit on one batch and up a bit on my second batch.  I might just see myself out of these contracts tomorrow.   However, I am getting a bit greedy and will consider a hedge of a gain rather than an outright sale on these contracts.  We’ll see what tomorrow brings.

Corning - GLW

I am treading into this horrible market and buying some corning calls that expire in Nov 2009.  There is some time left in these contracts and I have owned them for a few trades over the past couple of months.

Corning - GLW

Corning appears to be performing well.  A couple of bits of good news have trickled out this week and the price target was raised today by RBC Capital Markets.

Corning is getting dragged down with the rest of the market in this rough economy.

Out of my remaining GLW calls.  Sold @ $2.20.  Entry point was $1.55 on 5/28/09.  Profit was +38% in 3 trading sessions.  I have got to start putting some real money at risk!

As I have stated many times on this blog, in our podcast, I LOVE Corning for the long haul.  I have owned shares since 2002 and have done well. The shares did lose about half of their value from their ’08 highs, however that was a result of the global economic malaise/turmoil/crisis.

This was a nice trade in terms of percentage gain.  Bought at $1.80 (5/28) and sold at $2.10 (6/1).  Just a few short trading days and the net (after transaction costs) was +13.65%.

I’ll take it.  I moved my limit order up to $2.20 on my other GLW options.  With the rally this morning, I could see being out of those rather soon.  That would be a much larger gain since I purchased those contracts on last weeks pull back ($1.55 entry).

If I am taken out, I will be looking to get back in between ($1.85 – $1.95).  SYMBOL: GLW KC (Month: Nov | Strike Price: 15 | Type: Calls)

Corning - GLW

Bought 5 Corning Nov 15 call options @ $1.70 ea.

Not a great price to be in at, but that will play out.  I don’t expect this to be a quick trade (too much data coming).  We shall see.

Corning - GLW

Corning - GLW

Not that I don’t LOVE Corning (GLW), but 21% in 1 day was too hard to pass up.  With some recent hits that I have taken, a quick profit is nice.  I think there is more upside potential than downside risk, but I also feel that I might be able to get back into this position over the next couple of weeks.  It all depends on the macro news, not the company specific news.

I like Corning if we are headed for a turnaround.  I bought 5 call options with a November Expiration and a $15 strike price.

If we have some positive housing news (can it get much worse?), continued build out of bandwidth across the globe, and an administration who cares about clean emmissions, Corning could hit a new growth phase.  Let’s not forget flat panels, cell phones, and fiber to the home (FTTH).

Purchased 5 Nov 21 – $15 call options.  See my trading log for complete details.

Corning - GLW

Corning is a stock that I have owned since 2002 (I think). I first purchased in an IRA @ around $7.20 per share. You might look at the current price and say, good price. Well, it went from $7 to $1 just after I purchased. Needless to say, it didn’t feel like a good buy. However, I stayed with it. I am the type who hates to miss the gain, so I didn’t sell. When it turned a bit from the $1/share price I bought a few more shares at $2.10. At that point it was still a gamble. Bankruptcy was a definite possibility. But I took a flyer on 500 shares.

As it turns out, the reasons for buying back then are still the reasons that I would recommend a buy of Corning (GLW) today. In fact, a bit of news that came out yesterday is an additional growth vehicle for Corning.

http://news.google.com/news?pz=1&ned=us&hl=en&ncl=1334341022&cf=all&scoring=n

Consider Corning as three primary product divisions along with development in new technology and markets.

1. Fiber – Used in telecom. Do you see bandwidth demands abating?
2. Flat Panels – Glass used in LCD’s and Plasma’s.
3. Filters – filters utilizing materials developed by Corning.

Number 3 on the list is the key here. This is a division/product that has been around for a while and Corning has been a leader in this space.  They make filters that are used in vehicles and factories.   A democratic administration, with their environmental leanings, is good for Corning.  People concerned with the environment want cleaner emissions.  Not just vehicle emissions, but factory emissions.  In fact, factories are the real growth story here.  Clean coal, anyone?  The Obama administration appears ready to support the EPA to a greater degree than has been seen for the past 8 years under the Bush Administration.

The need for better filtration from factory emissions combined with the EPA’s support from the Obama administration make this a winner for Corning.

Learn more about the environmental products currently on the market and in development at Corning:
http://corning.com/environmentaltechnologies/index.aspx

Corning has a solid cash position ($2.8 billion).

• Solid cash position
• Dividend yield. Small but a nice bonus when combined with the growth potential (currently 1.2%)
• Growth potential
• A leader in their market segments

At $15.27 Corning is about 45% off of their 52 week high of $28.07.  There is upside potential here.  Consider this as a solid long term growth play.