This stock is dirt cheap. Take a look at their income statement. GLW's earnings consistency is a thing of beauty. Their industry is also fairly recession proof because of its link to the healthcare industry. Corning has been around since 1851 this is a real solid undervalued company.
short term i see this as being profitable from mid day -end of day into tomarrow.... yet this is not the low i wouldnt buy in yet if you like this id wait next week will prolly push down more ... pending on news of course. if your a value investor this is a nice long id wait tho to get in lower.