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Non-Tech : Any info about Iomega (IOM)?
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To: KM who wrote (40703)12/19/1997 9:00:00 AM
From: Zebedee Wright, Jr.  Read Replies (3) of 58324
 
Looks like there's a lot of negative sentiment in the last 50 or so posts. What do you think? Have the "Big Bad Bears" scared everyone into selling? That was their mission. Looks like they might have accomplished part of it.

One of the biggest contrarian indicators in any market is when the biggest bulls hit bottom and decide to throw in the towel.

I say today is the day to buy! Why? Once again, the time to buy is when it hurts the most and the time to sell (as Truff said) is when you're feeling like you're the King or Qween of the market.

Look at why you bought this stock in the first place. Above market returns, that should be the only reason. Market returns throughout history have averaged around 12%. If you've beaten that, then feel good about it. You've earned it.

For those that hold, six months from now, the past few weeks will be ancient history and once again you'll have above market returns. Then a new stock split will be announced, a new product will be born (Clik!), Comdex will be appearing on the horizon and the bears will be back. Spoutting their infinite words of doom. Will you listen then? Then why are you listening now?

Long on IOM for the next 3-5 years! (Now, thats long term)

(p.s. it's episiotomy Truff):>))

Zebedee
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