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Non-Tech : IOMG - Clear Winner
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To: Howard Schellenberg who wrote (74)9/20/1996 9:27:00 AM
From: Bill Fischofer   of 129
 
Oh so true.

Please do short more. Don't worry about your paper losses, they can't last long. NOT.

IOMG is a cork that's been forcibly held under water for the past couple of months, lulling bears into believing that it deserves to trade in the teens or lower. The pressure is coming off and the cork will soon pop back up to its fair value. What's that? Around $35/share--exactly what knowledgeable institutional buyers paid for it after very detailed analysis just a couple of months ago as part of the secondary offering. If anything the fundamentals have only gotten much stronger since then. Funny how the stock got around $20 ahead of itself in May and then overcorrected by just about the same amount.

But don't worry, it's just a fad. You betcha!
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