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Non-Tech : Any info about Iomega (IOM)?
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To: jack wuo who wrote (23607)5/29/1997 5:45:00 AM
From: Mel Boreham   of 58324
 
Jack, I can understand your frustration as you watch many other tech stocks literally "fly away" to higher and higher levels... I remember that one bit of wisdom from the "Motley Fool Investment Guide" that has really made sence to me was from their discussion as to when to sell a stock... they said "the only time to sell a stock was when you found a better stock to buy". This is not an exact quote, but is the gist of what was said. Sometimes you can put a stock loss to your advantage, and especially if you have somewhere else to invest the money from the sale of IOM. I decided to sell PIXR at the first of the year to use the stock loss against good profits from my sale of MOT with the idea of buying PIXR back after the "wash sale" period... well I did sell the stock but didn't buy PIXR back in time before it took off and made a run from 14 to 21 in about a week! That was after Disney came out with the annoucement that he was buying 5% of PIXR and several more future movie deals. I finally took the money from PIXR and bought more IOM, so here we are and PIXR is almost back to the price that I sold it at!! Ain't the Market a Fun Place...

Anyway, sorry that you ran out of patience, but there are plenty of "movers" out there right now... so Good Luck in getting the right one.

In the mean time, I will be here watching and waiting for IOM to take off... which it will... Some Day?! Best of Trading to You Jack... Mel
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