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Non-Tech : Any info about Iomega (IOM)?
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To: rocky haag who wrote (9817)10/23/1996 10:56:00 AM
From: Jeffery E. Forrest   of 58324
 
I am more and more on the sidelines right now. I've been circling above looking for bargains to buy and haven't been able to find much.
I don't like the way some of the techs have come in with BIG numbers and sold off and most of my charts are showing either bad voodoo or NOTHING.

Thats the part about charts that I hate>I work on a stock for an hour and finally realize "Hey, stupid, theres nothing here to see".

Anyway I'm mostly sitting and waiting. I have some speculative positions in oil and biotech, but I'm inclined to think it's going to be boring until election time.

Lets hope for Clinton and a Republican Congress. I like the dichotomy (keeps em all honest, or honest as we can hope for) and I think if we get Dem Congress, conservative old wall street will FREAK and sell-off BIG.

That might be ok too as we could get some bargains, but like I said I LIKE the tension a Dem prez and Rep Congess cause. Sometimes gridlock, but usually makes them all work harder.

Anyway I'm holding less and less as we get higher priced stocks and closer to elections. I'm looking for daytrades, but I don't want to be holding much right now, especially the first part of Nov.

If IOMG sells off back to 15 level, I'd probably buy (depending on conditions at THAT time of course) Right now it just looks BAD.

CUBE is different. They are really getting in the right places at the right time. I sold after the run-up awhile ago, but am looking at them closely waiting for a weak week. : )
The deal with Divicom seems to really be paying off. CUBE is now not just the best MPEG chip company, but with Divicom is proving to be maybe the best digital TV player as well.
Just my opinion
Jeff
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