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

To: Neil Kalton who wrote (33627)	10/27/1997 6:28:00 PM
From: Alan Rosen	Read Replies (2) \| Respond to of 58324

Having more or less "survived" the '87 situation I want to remind everyone that after the dust settled and the selling stopped many, many stocks fully recovered within weeks or months. So if you have the option of sitting tight a little longer you will probably be o.k.. I think that we may be witnessing two events right now, an overall correction, partially brought on by the Hong Kong situation and continuation of a partial rotation out of techs (which started during the earnings reporting period). archcc

To: Neil Kalton who wrote (33627)	10/27/1997 6:36:00 PM
From: D.J.Smyth	Read Replies (2) \| Respond to of 58324

keep in mind too that Druckenmiller for Soros fund is among the hedge funds attempting to short the Hong Kong currency. at the same time, they will go long several other stocks. those short the stocks they go long will need to cover as Druckenmiller's purchasing of stocks and requesting delivery of certificates will cause market makers to call in the short positions. the stocks they go long are the stocks which can be the most affected by a currency hedging position; i.e., tech stocks, i.e., of which IOM is one, i.e., of which Druckenmiller is still long as of last report according to IOM