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Non-Tech : Any info about Iomega (IOM)?
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To: Shanstar who wrote (50395)3/17/1998 11:28:00 AM
From: Dan Woodbury   of 58324
 
FWIW, Wade Cook advocates buying and selling stocks strictly on a technical / trend basis. If you read any of his materials, he rarely discusses fundamental value. Instead, he suggests that if a stock trends between 7 and 8 then buy at 7 and sell at 8. Not exactly rocket science - especially since the trend eventually changes either on the upside or downside.

Lastly, if Cook bought the Apr 7.5 when IOM was at 6 7/8 yesterday, he's already made his 25%. Contrary to the Motley Fool, Cook makes his trade and then tells his readers. It's easier to make money when you create a trend and others are following.
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