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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Beachside Bill who wrote (13742)	3/16/1998 9:30:00 AM
From: DanZ	Read Replies (5) of 53068

IOM. Steve and Bill, Thanks for the news on IOM. I'm not going to second guess it and predict what will happen. My motto is to let the trade be my guide and not the news. If the stock doesn't drop on this news, then one could make a case that it is already priced in. The stock has a lot of support at 8, so if it goes down on the news, then we will see if it holds. I think you get yourself in trouble if you let news affect your trading decisions. Thanks again for posting the news. It will be interesting to see where the stock opens. The pre-open bid is still showing 8 9/16 on my quote screen. Dan

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