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Non-Tech : Any info about Iomega (IOM)?
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To: Cogito who wrote (46282)1/30/1998 12:50:00 AM
From: Ken Pomaranski  Read Replies (1) of 58324
 
Allen,

Sorry, you got me wrong. (about comments on investment strategies)

My implication was that the reason Iomega fell so hard and fast
was that most of the people in the stock were in way too deep
and were in based upon the hype. These are the 'weak' hands and the
people looking to make a buck. Why else the 50% drop since mid
December? Why was such a high PE given to a one product company?

I think buying and holding is a GREAT strategy, but can't be done
with just any stock. Many of the hyped up techs are an accident
waiting to happen. All that needs to occur is ONE missed quarter,
and all the people who don't do their own research bail out.
With all the possible quarters, EVERY hyped up stock is vulnerable
to a BIG, BIG fall..

My post was a slight 'poke' at the uninformed, weak handed
'investors'.

kp
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