Gary,
Thanks for your response! I absolutely meant no disrespect for
anyone's trading methods. What I'm trying to do is present another
'philosophy', such that it can be evaluated by anyone how cares,
and compared/contrasted to the prevailing methods that have been presented on this thread over the last 3 or so months. I'm in the
minority, at least in the people who actually post.
With regard to calling prices, I challenge anyone here to tell me
the highs / lows of Iomega for each day the rest of this week.. hmm.
it can't be done. But this is what people are asking you/truff and
others to do on this thread! But I think it can be done in the macro
sense. I know that we will see both 27 and 35 before FEB. I know that
we will see 40+ sometime next year. Year 2000? who knows, but given
what Iomega has to work with (cash, cash, and more cash) I'm not too
worried at the present time. I'd say 60+ is reasonable. The problem
is, if you play this one week to week, month to month, you 'may'
run out of money before we get into next year, and miss the
opportunities!
About my comment: "Most will eventually lose all their money", I'll
temper that comment by saying: "If you don't use discipline, you
will likely lose all your money".
About big market crashes (like when IOM went to 22) There is no
thought involved there. You MUST BUY LIKE CRAZY when the general
market does that. It's part of the discipline. But when the market
itself offers no direction, or IOM is acting strangely, things are
hopeless.
Anyway, I'll think I'll drop this topic for awhile. I'll go back to
discussing Iomega prospects when this thread is back in focus..
Good Luck!!
kp |
