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Non-Tech : Any info about Iomega (IOM)?
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To: stock bull who wrote (52095)4/7/1998 3:32:00 PM
From: Bill Lin  Read Replies (2) of 58324
 
SB,
here are some time frames and recommendations (worth nothing):
3 months: avoid long, buy put to short
18 months: buy for long term accumulation or 20% cap gains tax rate to sell in Oct 15, 1999. The price of IOM at that time will be higher than today.

Thats the best I can do. Everything else is a short term trade.

the long term investor will say, so what if the price goes from $6.5 to $4. If I can't time my sell side in October next year, then the $2.50 cost is well worth the flexibility.

The real long term holder might want to wait until the $4.50 downside mark is achieved (if it is ever...), and pick up the lowest cost shares they can. Or they can dollar cost average down in the next 3 months by splitting their trading money into 3 buckets, and buying every 30 calendar days.

I highly discourage the one time purchase for most investors.

Of course there are combinations of long term holdings and short term trading positions you can hold simultaneously. NEVER mix the two. Decide 40% long term and 60% trading or whatever.

that's my position.
BL
ps
i'm a bull but looking for the cheapest entry point for an 18 month investment. I believe that the next 2 months will be extremely weak for the market, but summer sales and win98 release will be bullish for Intel, MSFT, and IOM for next 24 months.
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