Any info about Iomega (IOM)? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Any info about Iomega (IOM)?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: KM who wrote (40703)	12/19/1997 9:23:00 AM
From: Mel Boreham	of 58324

Hey Truff...Are you really going to sell now! Might it be best to just wait it out? Of course if you really need a tax loss to carry over in the years ahead and have a great alternative (good as IOM or better) then all you have to do is sell IOM and buy one of those beaten down tech stocks or one of the better financial stocks and you beat the wash sale rule. Changing horses in mid-stream is fine if you do it right. You will have to miss a possible run-up of IOM next month with double the number of shares... but that's OK if you buy the right "new horse" now and you have the stock loss to use against your winners this year. I know, I thought of selling part of my IOM that is in my IRA at 32 (no tax consequences there) but I got trapped thinking of how neat it would be to watch double the number of shares go up after a blow out quarter in Janurary. We all get trapped by something, whether its plain ol greed or the thought of giving Uncle Sam 30%+ in taxes on the profits! And then there are the IOM detractors...Count Rockula and his bearded werewolf buddy who drop by to taunt us longs. All I can say, that the next time the Count sinks in his fangs and tries sucking out the life juices from IOM, all he will hear a big "Clik!" and wind up with a "VAPOR LOCK" in his sucker upper... Long and Strong on IOMEGA... We will be in the cool Panama highlands over the Christmas holiday week so will be away from SI but will be thinking of all of you on the thread while we are watching Toucans and Quetzal birds and enjoy the eternal Springtime of the high country (6,000+ ft. elev.) I wish everyone a Very ZippyChristmas and a Jazzy and Prosperous 1998! Think Clik! **Mel**

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next