David re: how close do I have to be to call it a bottom?
I'd say a 25% bounce off the bottom is pretty damned good. And, you're assuming that I bought my shares at $16 3/4. Sorry, Bud, but I'm stupid, but not that stupid.
I took a huge hit on the shares I sold. I admit that. But at least my money's making money now. Not just sitting there in an interest free account.
As for trading AOL, MSFT, etc. you are absolutely correct. Hindsight is 20-20. If I had hindsight, I would have never bought Iomega in the first place.
As for your comments on the valuations on the "overpriced" stocks, that simply shows your ignorance as to the ways of the market. Historically, it is a joke that Iomega is at $9 when AOL is at $119. However, as Rocky likes to remind us, AOL continues to be more and more overvalued, as Iomega continues to be more and more undervalued.
In the end, AOL investors will be happy. Iomega investors won't be.
That's the brutal reality, son. |
