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Non-Tech : Any info about Iomega (IOM)?
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To: Rick Chapman who wrote (6193)8/18/1996 9:21:00 PM
From: Malcolm Winfield   of 58324
 
Hi Rick,

I too, found your commentary on IOMG investors holding on to paper
loses disturbing. Except, I found it disturbing because of your
apparent lack of understanding.

Really Rick, if I took loses on every stock that has tanked on paper, I wouldn't have a computer to type this out to you. I have been through quite a few paper loses and rebounds. I'm going to skip the IOMEGA rah rah rah here, because I don't need to cheerlead for IOMEGA (The company is going to succeed regardless).

The thing is, I have a long time horizon with respect to stocks that I pick. I don't need the money immediately. This gives me staying power and has worked for me time and time again. The ability to weather out bad times in stock is essential for me because, I wouldn't know the first thing about day trading.

>My advice to those who are bleeding cash at this point is to swallow >your pride and your losses, clear your head, and put the stock >behind you so that you can move on.

Do you believe that all investors here in IOMG are only hanging on
because of pride? If I felt for one minute that IOMEGA was a dead issue I would have dumped it when I was down only a few thousand. When I bought this issue, it was with open eyes and the full understanding that IOMEGA was *VOLATILE*.


Malcolm



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