Any info about Iomega (IOM)? Message Board

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

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To: SR/WA who wrote (7678)	9/25/1996 11:28:00 PM
From: Andre Lukas	of 58324

>>Just canceled my "stop loss" @ 23 at 9:30 pm Texas time.....Ken>> GOOD. Stop Loss on a NASDAQ stock is a poor way to protect your shares. Remember on NASDAQ, buy and sell are handled by Market Maker. The system is different from NYSE. So, if you put a stop loss, in essence you are telling the MM: Hey guys, I am willing to part with my stock at 23. Go and get it. MM may make a Bid at 23 and Ask 24 1/4, get your stock, sell it at 24 1/4 and raise the bid price. In the mean time your stock is gone. The better way is to monitor it closely. But if you can't buy put. Thanks to Andy Chen and others for clarifying about stop loss. Regarding current price of IOMG: Anybody who is selling right now might be missing a good opportunity to make some good money. Let the stock rides and if you need to sell it, do it after it peaks and on the way down, but not the reverse. Enjoy the short squeeze while you can. And that's no bull!! Regards Andre

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