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Non-Tech : Any info about Iomega (IOM)?
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To: Brian Lempel who wrote (7914)9/27/1996 5:29:00 PM
From: Jeffery E. Forrest   of 58324
 
Brian, if you are indeed only 14 and have no income other than stocks, My advice would be to stay away from IOMG. This is a stock for Professionals and Idiots.
The idiots run the price up to outrageous levels and the pros come in and take all the money. Unless you're some kind of stock wunderkind or have lots of capital and can afford to be speculative, buy the safe stuff. You can find all kinds of good stocks out there that will give great returns. Buy some Intel or Sun Micro if you like tech stocks.

I can tell you from first hand experience, I have bought and sold this stock a bunch of times and I always make $$$ because I sell it and short it when hysteria sets in(like NOW). It may go on a rampage, but it's always the FIFOs(first in, first out) that make $$$.

Remember the contrary indicator > When everybody is raving about a stock and even your grandma wants to buy some shares it's time to sell it or short it.

Not trying to be a jerk I would just hate to see you lose your money. New technologies are right around the corner and it won't be long before people are saying IOwho?
Do some research, history repeats itself. Go read about "the nifty fifty" and see where THEY are today. They were all the IOMGs of their day.
Hope this helps. Good luck and remember, if you're only fourteen, you have time on your side. Even a "boring, safe" stock will make you rich in 10 or 20 years. I wish I'd started at 14. GO FOR QUALITY. If you do go for a speculative stock like IOMG, only put about 5% of your portfolio in it.
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