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Non-Tech : Any info about Iomega (IOM)?
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To: Gary Wisdom who wrote (37544)11/26/1997 3:59:00 PM
From: Tom Carroll  Read Replies (1) of 58324
 
RE: Cabot effect (not!)

Gary,

I admit it. I'm surprised that all we saw was a bit
of a run up at the open. I thought for sure that
Cabot would precipitate more blind buying than that.
I'm sure glad I sprinkled an "if" or two into my
posts about all this. It's the only thing remotely
resembling an excuse that I can trot out here instead
of being forced to simply say I was wrong. In any
event, even if there had been an immediate run-up on the
Cabot recommendation, I wouldn't have bailed unless
the PE got to something ridiculous like 80 or 100,
as I said in the post. The earnings growth in this
stock is too fast for me to have great confidence
that a run to a PE of, say, 50 or 55 would be followed
by a big enough reversal for a slow-moving trader like
me to catch it.

But it's only fair to score all the points on this one
to those who thought Cabot wouldn't make more than a
ripple. Go ahead and gloat. Oh, and Happy Thanksgiving.
I'm thankful that you folks are here.

Cheers, Tom (long IOM, and I guess staying that way <g>)
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