Any info about Iomega (IOM)? Message Board

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

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To: Michael Hillman who wrote (2166)	5/28/1996 9:51:00 PM
From: Cadaver	of 58324

Michael, As far as I'm concerned, there's no such thing as averaging. If you buy twice, they are two seperate investments at two seperate prices. All you gain is that you save a little brokerage when you sell them together. Why not average the buy and sell prices of all your stocks? The mathematical basis of averages (price, profit, loss) stands even then doesn't it? The only reason to buy any stock is: You believe it will rise. Nothing else. Say, you bought a stock at 50. It falls to 30. You buy more. Maybe it goes up to 40. Your first investment is a bad one, the second is a good one on the same stock. Even if the stock rises above 50, your first purchase is still one of bad judgement - reducing your profit. The solution: Dont buy something that's going up. Wait till it corrects. Everything HAS TO correct. This simple formula will give you a good price on the IOMG's and the AMTX's and save you from the ZE's and IDID's On taking a loss: It's better to take a loss if done early. Say if you bought at 50. If you sell at 48, you havent lost much. And you have more money to buy when the stock hits 30. Also your profit when it reaches 40, 50 or whatever is higher. Cadaver

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