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Non-Tech : Inside Trading

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To: Ron Jones who wrote (32)10/11/1996 12:08:00 PM
From: marie fouchia   of 62
 
Ron--You sound sensible and for real. Most "Iomegans" don't want to admit that they would think of playing their shares short term--regardless of what great things may happen as soon as the 4th quarter. They feel it contributes to lowering the share price. Many of us feel that our relatively few shares cannot possiblly make a real difference, and self preservation ought be the investors highest priority (meaning, protect your capital!)

This next quarter is rather scary. I am thinking like you--but think the MM's (or whatever) will run up the price a bit more before the release of third qtr earnings. I am going to hang in there a bit longer, at least. But I'm at a bit of a loss right now.
If you are in profit, selling now would be the safest bet. If the earnings report gets a great reaction, you can buy back in. So what if you miss out on a few points. If anything goes wrong, it sucks to wake up the morning after (earnings) and find that those after hours traders have already demolished our share values while we watch with jaws dropped. I am very optimistic about the 4th qtr. So, I feel confident in remaining long, or at least medium. But there is nothing wrong with playing it up in down in the short term. Good luck!
Marie--Long IOMG since April'96, but also trade short term on margin.
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