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Non-Tech : Any info about Iomega (IOM)?

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To: Winner Victorious who wrote (7337)9/20/1996 5:02:00 PM
From: mike angelo   of 58324
 
WV - Are you planning to hold IOMG for the next several weeks (months, years), as your posts seem to indicate. I am concerned for two reasons:
1. Ratio of trading volume in puts vs. calls in IBD is very low.
2. We are approaching October.

These reasons apply to the general market as a whole, not just IOMG. You probably hold a lot of this stock - likewise here, for a long time. The debate is to get out soon at a higher level than several weeks ago and then buy back at a lower price or weather a potential storm in 3-4 weeks. The charts in IBD this week showed IOMG with a commanding lead in their market segment. I'm just unsure of a short term sell and buy back at lower prices come October. Market psychology is very meaningful. If the market anticipates a terrible October, as I'm starting to read more and more about, then it might just spark the reality.

Mike
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