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Non-Tech : Any info about Iomega (IOM)?
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To: Herb Fuller who wrote (33703)10/27/1997 11:39:00 PM
From: D.J.Smyth   of 58324
 
Joe Patapaglia with Gruntal & Assoc. was just interviewed on NBR. He states that buying could regain a foothold in the market within the first two hours of the market open tomorrow. he states to continue to avoid the big capitalized stocks in the Dow and instead concetrate on the small to mid-cap stocks which are showing above average earnings growth.

it is possible herb for 6200 on the Dow but..uh...this is not Thailand friend, and...uh...this is a bull market, not a bear market by any measure. if all else fails the fed will provide the needed liquidity as it did in 1987 and the specialists will begin to artificically raise the price of stocks as it did in 1987 - raising the price by $.25 to $.50 with each 200 share purchase - they won't need much of an excuse to begin raising the price once they have the needed liquidity, and if you're caught short, you're caught.

Soros, by the way, was selling $10 billion worth of bonds this past week and leveraging for...yah, not more bonds, stocks. Soros is selling his bonds into the bond rally and looking for a market correction. the Hong Kong market has issues which are relative primarily to Hong Kong/China (China needs to take certain corrective measures there to insure stability - if they don't the free fall there will continue until they do - if only the Brits had...) and do not have as much effect on the US as one might think.

this is not a truly FREE market, by the way, simply engineered markets. just when you think you've got it figured on the upside, it changes - and it changes likewise on the downside.
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