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Non-Tech : The New Iomega '2000' Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Zebedee Wright, Jr. who wrote (983)	6/23/1999 4:26:00 PM
From: David Harker	Read Replies (1) \| Respond to of 5023

>if it goes to ten, can't it go to 11... not always, last time it ran up thru 10, seemingly a breakout, I bought - at 10.125 - and still own those stinkin' shares. I HOPE you are right, but just wanted to give my real-life counter-example. It all rests on Clik...

To: Zebedee Wright, Jr. who wrote (983)	6/23/1999 4:48:00 PM
From: Cameron Dorey	Respond to of 5023

"if it goes to ten, can't it go to 11?" No. It has been definitively shown that in IOM's case, there is a quantum-level discontinuity in the stock price somewhere between 10 and 11 (see the previous post on this thread for a real-world example). The next (uptick) trade after 10.26395548 will be at 77.5, at which time I will dump all my shares (which will probably be a big mistake, because the next trade will probably be at 94.6875, but I believe in playing conservatively). This is obviously a big hurdle for IOM, so it may take a couple of tries to conquer it. Some may scoff, but you can't argue with the subatomic physics foundation of economic theory. Cameron "Today is the next-to-last day of the 19th segment of your life."