Any info about Iomega (IOM)? Message Board

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

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To: Ed Zhao who wrote (1834)	5/22/1996 12:59:00 AM
From: Young D.T. Nguyen	of 58324

I understand your question since I used to have the same logic. There are a few rules I developed for myself after lots of losing experiences: Average up on winners. Sell losers and put in winners. Don't commit all capital at once on first buy. Buy in steps. Never lose your capital. Risk only profits. Let winners run and run. Invest in the future, not past performance. Only need one big winner. When found latch on and hold. IOMG is my big winner. I bought it four times. Moved nearly all my porfolio into it over time. As new money come in hand, I'd buy more if nothing else look better. Plan to hold for another 2-3 years. To answer your last questions, it doesn't matter how much money you add to your porfolio. It's the percentage gain that's important. 100% of $5000 is another $5000. Can you get this kind of return from the bank? If you have only $500, it's better to buy 20 shares of IOMG than to buy 500 shares of $1 stock which has little or no future prospect. Your chance of doubling to $1000 is a lot better with IOMG.

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