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

To: Herb Fuller who wrote (33703)	10/27/1997 11:35:00 PM
From: Linda Pearson	Read Replies (1) \| Respond to of 58324

Ok, one last post for the night.. Hong Kong -15.57% 11:30 pm et Linda

To: Herb Fuller who wrote (33703)	10/27/1997 11:39:00 PM
From: D.J.Smyth	Respond to of 58324

Joe Patapaglia with Gruntal & Assoc. was just interviewed on NBR. He states that buying could regain a foothold in the market within the first two hours of the market open tomorrow. he states to continue to avoid the big capitalized stocks in the Dow and instead concetrate on the small to mid-cap stocks which are showing above average earnings growth. it is possible herb for 6200 on the Dow but..uh...this is not Thailand friend, and...uh...this is a bull market, not a bear market by any measure. if all else fails the fed will provide the needed liquidity as it did in 1987 and the specialists will begin to artificically raise the price of stocks as it did in 1987 - raising the price by $.25 to $.50 with each 200 share purchase - they won't need much of an excuse to begin raising the price once they have the needed liquidity, and if you're caught short, you're caught. Soros, by the way, was selling $10 billion worth of bonds this past week and leveraging for...yah, not more bonds, stocks. Soros is selling his bonds into the bond rally and looking for a market correction. the Hong Kong market has issues which are relative primarily to Hong Kong/China (China needs to take certain corrective measures there to insure stability - if they don't the free fall there will continue until they do - if only the Brits had...) and do not have as much effect on the US as one might think. this is not a truly FREE market, by the way, simply engineered markets. just when you think you've got it figured on the upside, it changes - and it changes likewise on the downside.

To: Herb Fuller who wrote (33703)	10/27/1997 11:54:00 PM
From: HardMoney	Read Replies (1) \| Respond to of 58324

Forget about the low ....what about the intraday high? Will it be above at or below todays close?BTW I'm talking $23.875.If iom gets to 21 think of some of the other values that might also be out there. These kinds of markets often see violent rallies up, either intraday or for an up close. People are very scared.......they want something to feel good about because the thought of a real Bear market which a lot of people in the business have never really seen, is simply unimagineable(sp?)....they are going to start saying..."holy shit!!! INTC at 65 IBM at 75 CPQ at 55 and yes maybe IOM at 20.....it time to buy again !!!!"...... because that notion will give them some comfort...."the fundamentals are still good" they'll say, And jump in to buy........We will close down tommorow but I wouldn't be surprised to see an intraday rally. What will be important is the volume, both on the initial decline and on the anticipated rally. At some point people will say "OK so now we discounted next zero in Asian sales into these stocks, sooooooo, with a still fundamentally good and growing economy here in the States there's got to be value." I AM NOT saying this line of reasoning is correct, I'm just presuming the rationale. It may turn out to be right and it might not. I feel, unfortunately, that IF, and this is A BIG IF, this drastic loss of wealth continues in the Far East AND begins to spread, as we saw today in Latin America........ the words "Global Economic Slowdown (that means resession(sp?) of 1998/99) become more probable. IOM, should my doom and gloom theory turn out to be correct, will probably be affected by it. Some stocks go up even during a recession but most do not. I fear we are witnessing the birth of a cyclical and maybe even a secular bear market. Millions of people have made a lot of money off the economy in the last 5 or 6 years , now its time to pay the economy back. I may be overly bearish tonight long term, but as far as the short term goes....this thing is not going straight down all day 2 days in a row ,IMHO, there should at least be some sort of midday rally(I hope) But long term, if this turns into a worldwide financial crisis, I think the econmy and the market in general, NOT iom specifically, but possibly, is headed towards the shitter.....:( Frank PS AT 11:45 Eastern Time HK down 1621.80 -15.45 % Nikkei down 787.01 16,251.35 -4.62% ...and of course S & P futures are down limit 15.