SI
SI
discoversearch

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: Gary Wisdom who wrote (37544)11/26/1997 11:34:00 AM
From: Gipper  Read Replies (1) | Respond to of 58324
 
WHAT HAPPENED TO ALL THOSE PEOPLE THAT BUY JUST
BEFORE A SPLIT? DO YOU THINK THEY WILL SHOW UP
ON FRIDAY?



To: Gary Wisdom who wrote (37544)11/26/1997 12:02:00 PM
From: Teddy  Read Replies (1) | Respond to of 58324
 
One good thing about the low volume on IOM today,
it will give you plenty of time to read this and think of all the things that you can be thankful tomorrow (when there will be even less volume). Happy Thanksgiving to all.

Stock market woes trigger suicides

HONG KONG (Reuters) - A Hong Kong businesswoman gassed
herself and her boyfriend leapt to his death from a window after they
lost money in the territory's stock market crash, local media reported
on Wednesday.

Ma Wenhua, 42, was general manager at an investment company and
her boyfriend Zhong Keyue worked for a mainland Chinese
corporation, the Apple Daily newspaper said.

They left a four-page letter when they killed themselves on Tuesday,
saying they had lost money on the stock market.

The Hong Kong stock market has plunged more than 38 percent
since August. Many of the territory's 6.5 million people had invested
in the market.

In a similar incident, also on Tuesday, a woman with financial
problems threatened to jump 19 floors from a tall building with her
two young children in her arms, but police talked her out of the
suicide attempt.

The Sing Tao daily newspaper said the woman lost money in the
market crash and a relative had refused to lend her HK$200,000
(US$25,700) to bail her out. REUTERS



To: Gary Wisdom who wrote (37544)11/26/1997 3:59:00 PM
From: Tom Carroll  Read Replies (1) | Respond to of 58324
 
RE: Cabot effect (not!)

Gary,

I admit it. I'm surprised that all we saw was a bit
of a run up at the open. I thought for sure that
Cabot would precipitate more blind buying than that.
I'm sure glad I sprinkled an "if" or two into my
posts about all this. It's the only thing remotely
resembling an excuse that I can trot out here instead
of being forced to simply say I was wrong. In any
event, even if there had been an immediate run-up on the
Cabot recommendation, I wouldn't have bailed unless
the PE got to something ridiculous like 80 or 100,
as I said in the post. The earnings growth in this
stock is too fast for me to have great confidence
that a run to a PE of, say, 50 or 55 would be followed
by a big enough reversal for a slow-moving trader like
me to catch it.

But it's only fair to score all the points on this one
to those who thought Cabot wouldn't make more than a
ripple. Go ahead and gloat. Oh, and Happy Thanksgiving.
I'm thankful that you folks are here.

Cheers, Tom (long IOM, and I guess staying that way <g>)