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Non-Tech : IMP, Inc. (IMPX @ 7 1/8)A sympathy play with IOM??
IMPX 6.210+25.2%Oct 22 3:59 PM EST

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To: rlev who wrote (2473)8/7/1997 4:58:00 PM
From: Xavier   of 2560
 
Rich; I can say that I have made propably the most serious mistakes when it comes to IMPX.

1. I assumed that the stock broker knew more than I did and that he
had my best interest in mind.

2. I just KNEW that the stock price couldn't go any lower and that by averaging down I could recoup the money I had lost.

Granted, I have had several stocks on which I ended up breaking even, (IOMEGA being one of them) but I have never had a disaster like this one. I would love to have the nerve to just sell and move on, but I don't. The most aggravating thing is that I am so close to recovering all of my loss from last year but I can't seem to jump that last hurtle.

Oh, the joys of investing. Well, it could be worse, I could be completely broke and have nothing to invest.
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