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Non-Tech : Any info about Iomega (IOM)?

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To: Gary Wisdom who wrote (40953)12/19/1997 10:20:00 PM
From: Dale Stempson  Read Replies (2) of 58324
 
Re: "...Buying all the way down was very scary... <snip> ...Anyone else on the thread have similar horror stories..."

Gary, I was feeling pretty smug after picking up shares during the last drop below 23 and then selling every IOM share I owned above 32. I had then placed a series of much larger equal buy limits at 28, 26 and 24 which to my surprise all hit in fairly rapid succession. When we slipped into the 22s I was facing losses over 11K wiping out most of my recent gains. (and then my friend Trufflette shook my confidence a little bit with her threats of bailing and going short). At that point in time I certainly felt like I was part of a horror story.

The reversal and close above 25 was amazing. I'm down just a little on my recent buys, but tonight I feel like I'm way ahead.

FWIW: I've set equal successive sell limits at 30, 32 and 34 (pre-split prices).

Regards - Dale
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