Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: stock bull who wrote (33603)	10/27/1997 4:57:00 PM
From: D.J.Smyth	Respond to of 58324

believe it or not, the market timing indicators still remain favorable. this fact has also been confirmed with the timing organizations we use. the sell-off the past few days was on average to lower than average volume trading. this is a panic sell-off thus far. no indications of a bear market in the US yet. the media was whipping everyone into a frenzy today calling this the worst market decline in history; people were calling their brokers - i was getting calls. of course this will frighten anyone. for whatever reason I'm not concerned - surprised, shocked. it may be insane to you, but i'm calm about it. there are certain issues which should have been sold, IOM does not belong in that category yet, although we did some trading with it the past week and made good decisions with regard to it for many. IOM is still heading over $30. regardless of what you may think of me personally, this information does not come from me, it comes from the same source that told me IOM would be much higher toward the end of October (last week, I guess) and this source hasn't changed his call yet. i don't work for him. believe it or not he advised "not to go down with the ship", but you know how the feeling goes, with IOM trading strongly about $28 to $29, we all get cocky. i didn't really trust this portion of his advice. but today i believe it. by the way, my source is not a paranormal (what a kick!) who knows where things will go in the meantime. when and if it happens i might tell y'all who it is and you can go frock him