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

To: KM who wrote (36446)	11/19/1997 2:08:00 PM
From: Dale Stempson	Respond to of 58324

FWIW: Iomega has been very good to me throughout the year, however today I bailed on both my long position and my trading shares (again). I plan to only trade IOM for the forseeable future. With all the good news and widespread optimism, I think the time has come to become conservative. Don't get me wrong, I believe the Zip has a solid position and should see good growth as a result of the notebook models. The Jaz will probably continue to do well. The Clik! has great potential. In addition, this quarter's earnings are likely to exceed expectations IMO. These are actually the conditions I like to see when selling. This and an optimistic valuation. At this point I've set successive trading share buy limits beginning at 28 and below. I'm obviously betting on seeing a pullback over the next few weeks as the recent news begins to fade. I'd then hope to see a return to current levels or above as we approach the January report. Regards - Dale