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RE: Buying and/or holding now
ZBD,
I'm with you. Ain't nobody gonna get my shares in
the low twenties or, gulp, below that. They didn't
get them there in 1996 or early 1997, and they won't
now. The fundamentals a year or two out are still
okay. Frank Drummond has convinced me that Iomega
can effectively counter the HiFD, if it ever appears,
with the Zip 200, and I'm pretty confident that Iomega
can modify its drives enough at any time to prevent
Nomai and other gnats from breaking their lock on
the media. So, my target is still $60 (or $30
post-split) sometime late 1998 (optimistic) or
1999 or, if I have to, 2000. And if Clik works
bigtime, I may shoot a little higher than that,
though at this point I'm not committed to it.
Truff, about Cramer and trading versus being
truly long, I'll readily grant you that aggressive
trading is more profitable, but only if one is
competent at it. I'm not. I've never been able
to get under the skin of herds very well. So I
settle for knowing a winning tortoise of a company
when I see it, especially in areas where I'm
knowledgeable. It beats the overall market appreciation,
and I can live with that. I do envy Linda that
beautiful Jag, though--my first car was a 1963
Triumph TR4--so maybe if you hang around and
teach us slow learners a bit more, I'll start
to get the hang of your style of living on the edge
and earn myself a sports car. <grin> Indeed, that's
part of the reason I follow this thread every day,
that is, for the tutoring. It complements the
entertainment value of this cyberlocation. I certainly
don't need to be here daily to support my multi-year
long-term strategy.
Cheers, Tom (long IOM) |
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