<< ALL OF YOU IN FAVOR OF HEARING FROM DR. IOMEGA, SAY I.>>
Nay! or do i mean NEIGH? the charm of IOM is not it's day-to-day volatility -- which is not great -- but the once-every-so-often upturn or downturn. it is this that makes it a great trading stock and where, i think, the professionals seem to have an edge over the knowledgeable techies like ourselves. Sheila -- Hi, Sheila! -- asked me how i might explain the recent plunge down from 16 1/2. frankly, i don't know. some of the more obvious things have been trotted out, but if we all knew so much, how is it we didn't take advantage? probably trufflette had it about as right as anyone: it peaked on low volume and there were clear signs of a pull-back. however, on these upward climbs greed takes over from fear and we forget to sell. Sheila is a long, of course, and had no good reason to sell, but i'm sure she now would acknowledge that she got caught up in momo fever and bought just at the wrong time. Cramer's advice seems good: don't buy at the bottom - which will almost always be a false one - but wait until the Big Boys have nibbled away and the stock is beginning to climb again and upward mo is developing. you'll never know that it isn't a head fake of course...
so, here am i, fully vested, and i should be fully in cash. what do i know? the key question is whether to sell just before, or just after earnings are announced, or, alternatively, to spread the sale between the two ...
FIDO |
