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: Alan Rosen who wrote (33628)	10/27/1997 6:38:00 PM
From: E. Graphs	Read Replies (1) \| Respond to of 58324

Alan, What about A. G.'s comments warning Americans not to expect any more good gains out of the stock market? That started it IMO. E. Graphs

To: Alan Rosen who wrote (33628)	10/27/1997 6:38:00 PM
From: Gary Wisdom	Respond to of 58324

Anyone want to hear some good news? Fact: Volume less than 4 MM shares -- not heavy at all. Fact: Last trade was 58,000 shares, rising from 23.50 to 24.5625 Fact: Ticks were 2840 -- not heavy at all. Fact: 59 Blocks today -- not heavy!!! Several hundred blocks traded when stock went up early last week each day. Fact: The specialist on this stock is VERY good. He knows when to bring the bid down to sucker sellers in. Fact: While maybe not tomorrow, this stock will go back up. Analyzing today's price/volume action, there definitely was not heavy selling of Iomega. Yes, I got my ass kicked today too. But, the bigger picture is very rosy for Iomegiacs. Hang in there.

To: Alan Rosen who wrote (33628)	10/28/1997 9:07:00 AM
From: Tom Carroll	Read Replies (1) \| Respond to of 58324

RE: Surviving Alan, >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. Agreed a hundred per cent. I more-or-less survived 1987, too, and learned a lot in the process. Then in 1989, when Iraq invaded Kuwait and there was a "war" panic, I moved in and made some very, very profitable purchases, such as Dell at 9, which rose to 17 when I sold it about a month thereafter. (Okay, so I do day trade once in a blue moon. <g>) So if you can handle it, folks, just sit on anything you've got that has solid fundamentals (e.g., IOM), and get your spare cash ready, if any, for the fire sale coming up. Cheers as we gulp the antacids again, Tom (long IOM)