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


To: Ken Pomaranski who wrote (34195)10/31/1997 6:14:00 PM
From: Gary Wisdom  Read Replies (1) | Respond to of 58324
 
Why I held on to ALL my Iomega shares today . . .

Those who sold at $27 may have been the smartest ones here (should the market be punished next week).

However, I debated (to myself) whether to sell @ $27 today. I asked myself, "Do I know of a better stock out there with solid fundamentals and a lot of growth potential whose price does not yet reflect this?"

I could not think of a one. Thus, I held.

I owned Dell @ $25 (this year). I was stupid and sold it. It was not a steal @ $102. And, it is not a bargain @ $80. A great company, a good product, great management, and great name recognition. But, not a bargain. Be careful. Momentum can change very, very quickly.

Intel may yet test $65 before it starts going up again. Be nimble, be quick, be smart, and most importantly, be lucky . . .