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Non-Tech : Any info about Iomega (IOM)?
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To: Young D.T. Nguyen who wrote (3170)6/18/1996 2:16:00 PM
From: Young D.T. Nguyen   of 58324
 
The current scenario has happened over and over, and those with
cool heads stands to make big gains with these opportunities.

I think this correction is caused by mutual funds pulling out of the tech
sectors. When prices get down to attractive levels, they will come
back again. Mutual funds are also spooked by the uncertainly of the
economy and interest rate. Small investors are at the mercy of the
mutual funds in this aspect - just have to ride it out. Remember Fidelity
Magellan Jeff Vinik 's pull out in 4Q95? He caused a big correction in
tech sector and got himself fired for being wrong.

In the case of IOMG, I think we may have underestimated the impacts
of those relentless attacks and hatched jobs by the Wall Street Journal.
The average IOMG investors are now spooked. Famous words : "People
will believe any lie if it's told often enough" . I guess the WSJ understands
this very well, and we are seeing the results. .
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