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Non-Tech : Any info about Iomega (IOM)?
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To: Tom Carroll who wrote (2949)6/13/1996 9:43:00 PM
From: Mary Cluney   of 58324
 
Intraday Charts?

Tom,

My invest philosophy borrows more from W.C. Fields and Damon Runyon than from Bernard Barouche. My favorite golden rule paraphrases Damon Runyon>>>The race does not always go to the swift, nor the battle to the strong. But that is the way you invest<<<

I don't really understand Technical Analysis and intuitively not believe in it. However, I do see some validity in the short term and I see in it some of the reasons for Iomega's recent volatility. From my TA friends, I see institutions influencing IOMG intraday trading. They (institutions) are able to manipulate IOMG share prices to their own advantage. The institutions have the real time tools to monitor activity and trends and all the other resources needed to program trade at the end of the day. If you look at the highest volume traded stocks, you will see that most of the trades are made by computer programs (IMHO).

However, having said this, I will go back to one of Peter Lynch's golden rules, and my own second favorite golden rule:

>>>Often, there is no correlation between the success of a company's operations and the success of its stock over a few months or even a few years. In the long term, there is 100 percent correlation between the success of the company and the success of its stock. This disparity is the key to making money: it pays to own successful companies.<<<

I feel like a broken record, but I also find I need to be frequently reminded of these golden rules. I also think that it may help others.

Regards,

Mary
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