Any info about Iomega (IOM)? Message Board

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

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From: Cadaver	5/28/1996 8:45:00 PM
	of 58324

>> I bought 100 shares at 52 3/8 and now see the stock plummeting... The year wasn't going too bad until this trade. Please advice on what to do here. << Rule A: To make money: Buy low, sell High. Rule B: To lose money: Buy high sell low. You have made half the mistake(rule B) by buying high. You have 2 options: 1. Hold until the price rises so that you convert to rule A. Might take some time. How much? Nobody really knows. 2. Consummate your mistake and sell low. Take a loss, but do it only if you think you can make up the loss in another investment. If you want to try option 2, remember that the stock you buy might go down and worse, the stock you sell at a loss (IOMG in this case) might go up. Cadaver

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