Gary, you are a gentleman and a scholar.
I like stocks like IOM, because I KNOW that they are going to eventually go up. A lot. But that doesn't mean that I have to stay fully invested during every tumble.
The conventional wisdom is that trading in and out of stocks is a losing game. BS! That was before the days of instant communication and the web. Until I got a modem this year, I was an average investor, relying on the following days' Wall Street Journal to tell me what my stocks did the day before.
But this year I trade on average twice a day, and I'm up 87% since December 31, 1996. SI has been invaluable.
So today, I made a little money on IOM at the open, sold it, bought it back, and now I made a little more.
I still have lots of faith in the company.
John
BTW, you might want to check out a little company called Ionics (ION), whcih follows Iomega in the WSJ. The company is in the water purification business, and it has had increased earnings for something like 40 quarters or more. The stock has fallen all year for no particular reason, and I think it's primed. |
