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

To: David Colvin who wrote (34895)	11/9/1997 12:34:00 PM
From: Gary Wisdom	Read Replies (1) \| Respond to of 58324

STTR Re: volatility I am very happy for those on the thread that bought pre-1995 or those that waited til this year and bought at $16. As a long term hold, Iomega is doing very well. However (of course there's one), I must agree with those on the thread that believe the way to make obscene profits on technology stocks is to trade them. For example, between October 22 and October 28 and November 04, on a pre-split basis, Iomega went from $180/share to $132/share back to $180/share. That's a $96/share swing. For every 1000 shares traded at the very best times, you could have increased your profits $16,000. That's not too shabby for keeping in touch with daily price movement. IMO, anyone that doesn't care about the short term volatility is just leaving money on the table with this (and most other tech stocks). However, to those with very low cost bases in Iomega, congratulations. I really mean that.