the story behind this trade is GLW entering the automotive field to use their gorilla glass in cars in windshields. This way weight can be reduced by 30% and also it is more resistant.
Not only that but also does the development of cars head for a so called "cockpit"-style. more and bigger displays will be put into cars and realize the man-machine-interface "human-to-car". Also, the trend in the smart phone market goes to bigger displays and cover of front and rear of the phone with that gorilla glass layer.
Corning is valued rather low and poised to move higher with that new groth fantasy. If I read correctly, a 2bln stock buyback program is also on the go. Gotta do more research on this one.
It broke out nicely today after a very tight range trading on low volume during the rather volatile morning hours with Yellen.
I am long at 26.80ish looking for way higher prices.
Not only that but also does the development of cars head for a so called "cockpit"-style. more and bigger displays will be put into cars and realize the man-machine-interface "human-to-car". Also, the trend in the smart phone market goes to bigger displays and cover of front and rear of the phone with that gorilla glass layer.
Corning is valued rather low and poised to move higher with that new groth fantasy. If I read correctly, a 2bln stock buyback program is also on the go. Gotta do more research on this one.
It broke out nicely today after a very tight range trading on low volume during the rather volatile morning hours with Yellen.
I am long at 26.80ish looking for way higher prices.
Trade active:
my biggest long ever creeping higher
Comment:
sold my trading position today for a nice gain around 27.70. still holding a big invest position. Will follow up on this one