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Non-Tech : Iomega Thread without Iomega

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To: Pacing The Cage who wrote (8705)	3/31/1999 3:33:00 PM
From: Rocky Reid	Read Replies (1) of 10072

>>Why in the world would you do that when you just recently said that we are destined to go back to the 3's?<< IOM is destined for the $3's...and lower. But IOM is also subject to periodic price rises right around Earnings announcements and Hype Events like Comdex. These Hype events are usually good for a 50% or so rise in the price short term. Why did I cover and buy IOM now? The same reason why I bought it last year... This is called making $$$ money in IOM..something few Iomaniacs here know anything about. One can make a great deal of money in IOM by buying and selling short around these periodic rises and falls. I know I have. On the other hand, the ridiculous loyalty to this garbage company displayed by a lot of Iomaniacs ends up costing them so much money, it's really sad. The Time Value lost alone waiting for IOM to go up is almost sickening, let alone the actual (and magnificent) LOSSES this stock has caused Longs. But rest assured, long term, IOM is clearly headed down. IOM will more than likely be in the $3's later this Summer after PC Expo. After all, there is no reason for IOM to do otherwise. p.s. One shouldn't try to discredit me... after all, now I'm now on YOUR side.

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