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Non-Tech : Any info about Iomega (IOM)?
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To: Cogito who wrote (8631)10/11/1996 4:45:00 PM
From: NoName   of 58324
 
It's a game you can win, but you have to play by their rules. If you're making money that is all that counts. Whatever tools or trading philosophy you use to make money is good that is fine. You say no one forces you to buy at some point tell that to the people that bought IOMG when some TA guy on CNBC said IOMG is basically going up to 29-32 range. What about those investors that buy on highs and when they see it drop sell out quick. For instance, Cascade and IOMG recently. Do you really believe that Cascade beating earnings expectations by more than 2 cents justifys the massive drop today. If you look at Cascade you can see it rise just before the drop today. How many people do you think got suckered into that rally and now are scared shitless now. Of course it will go back up after the specailist cover their short sales.

What about IOMG and all the hype when it went from 13 to 26 and how many people jumped in on that rally because some TA guy said it would be 29-32 or so. If you think about it stock behavior only makes sense when considering it's manipulated, fully and unconditionally.

just for the record I've never lost money, and I am confident I never will, this is despite the fact I know nothing of TA, nothing technical about options or puts, never listen to what the Journal or any other person on the media says something will do, etc...
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