Investing 101 with Rocky:
Message 3031694
From: +Rocky Reid
Tuesday, Dec 23 1997 2:10PM EST
Reply # of 41404
...There are just too many Big players who are in love with AOL. It's almost a rigged
game at this point. It cannot go down much, regardless of what happens. It has never
scored a profit, so there is little worry about not meeting numbers. Wall Street is in
love with AOL, and its possible dominance over the computer-connected future. It
would take Q after Q of disappointing numbers, and Q to Q proof of subscriber
droppoffs for AOL to go down appreciably. Institutions hang onto AOL stock. Look,
even during this latest tech meltdown, AOL hung in there tough and strong. Now, it is
set to march upward as the market turns upward.
And if that isn't the best investment advice that you have ever heard, here is why he bought IOM:
Message 3031356
From: +Rocky Reid
Tuesday, Dec 23 1997 1:32PM EST
Reply # of 41404
>>Rocky..if you dont mind,and if you hav'nt went over this before
i'm very curios why you went long.<<
The only reason is that it is a good short term play. I bought on that most recent dip
into $22-land. I was able to snag it at $22 13/16 (pre-split, duh). I intend to sell it at
$16 (post-split). This play is based on short term TA, and nothing more. But I fully
expect Iomega to suffer this coming year, and so does Wall Street.
This meaningless stock split does nothing but further Wall Street's image of IOM as
nothing more than a noisy, unbearable child of a stock. It is not taken seriously, as
evident by its lack of Institutional support. It has well earned the recognition as nothing
more than an Internet hype stock meant to draw in Newbie sucker investors. (present
company excepted).
Personally, I can't wait to dump this dog when it hits my sell price, because IOM is
sure to diappoint those who wish for it to break higher. It won't. Too much fear about
the future (Sony, SparQ, 4.7 Gig Quest, Jaz2's delay failings, etc.) It just makes me
too nervous knowing that I am hanging onto a stock which at any moment can lose half
of its value at any sign of bad news, such as not meeting 4th Q expected numbers. |
