Cramer's Update On Corning (GLW)
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Lately, Corning (NYSE: GLW) has made a nice run. The stock has run up in part on strength of the LCD market for big-screen TVs.
Corning makes up 6% of his ActionAlertsPlus.com portfolio, but he likes to limit each position in his portfolio to 5%, so when his trade restrictions free up tomorrow, he is planning on selling 1500 GLW.
Now, just so you know, Jim is still a fan of Corning long term, but he says it is prudent to take some profits and lower the Corning percentage he owns in his ActionAlertsPlus.com portfolio.
Corning makes up 6% of his ActionAlertsPlus.com portfolio, but he likes to limit each position in his portfolio to 5%, so when his trade restrictions free up tomorrow, he is planning on selling 1500 GLW.
Now, just so you know, Jim is still a fan of Corning long term, but he says it is prudent to take some profits and lower the Corning percentage he owns in his ActionAlertsPlus.com portfolio.
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