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Non-Tech : Any info about Iomega (IOM)?
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To: Teddy who wrote (37870)11/30/1997 5:20:00 PM
From: larry  Read Replies (4) of 58324
 
Edward,

I still think that I made the best decision to pull out of IOM about a month ago. IOM was the first stock I traded and I made about 20% gain out of it in about a week. I traded IOM several more times and made more than 70% of it, well, within probably a 2-month timre frame.
I pulled out my money out of IOM and invested all of them in IDTC. I got a 200%+ return in less than two weeks (stocks plus options). 200% is certainly better than 30%, in my eyes.
So don't tell me how to make money in this market. I think that I have done good enough and have made good decisions in the past and I have total confidence in my ability. IOM has made some nice bucks for me but I won't forget the horrible mess surrounding it last year. And I do believe that the day HIFD is put to the market, that's the doomsday for IOM. I have never shorted IOM before but if IOM is still fat by then, then it's an easy decision to make.

good luck in trading,
larry
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