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Non-Tech : Any info about Iomega (IOM)?
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To: KM who wrote (33564)10/28/1997 8:40:00 AM
From: Tom Carroll  Read Replies (2) of 58324
 
RE: Taking your annual profits now

Truff,

There are about 200 unread messages after the one
from you that I'm responding to, so forgive me if
this has been covered. My understanding is that
hedge fund managers have a big incentive to lock
in their annual gains now, even in the middle of
the bloodbath, because their pay for the year is
contingent on the state of their profits at the
end of October (this Friday, of course). So they're
taking what they can get just in case things continue
to tank all week, which they might if the panic
selling continues (though I suspect this nutty
selloff will hit bottom before Friday, maybe
Wednesday, primarily because of exhaustion of
the panicked little guys).

I'm with Lisay and Buffett. Some real bargains
are gonna be out there as soon as things hit
bottom. Those mutual fund managers who are NOT in
the situation I've described above for the hedge
fund folks will be snapping up bargains, too.

Cheers despite the Cuervo, Tom (long IOM)
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