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

To: KM who wrote (40703)	12/19/1997 9:00:00 AM
From: Zebedee Wright, Jr.	Read Replies (3) \| Respond to of 58324

Looks like there's a lot of negative sentiment in the last 50 or so posts. What do you think? Have the "Big Bad Bears" scared everyone into selling? That was their mission. Looks like they might have accomplished part of it. One of the biggest contrarian indicators in any market is when the biggest bulls hit bottom and decide to throw in the towel. I say today is the day to buy! Why? Once again, the time to buy is when it hurts the most and the time to sell (as Truff said) is when you're feeling like you're the King or Qween of the market. Look at why you bought this stock in the first place. Above market returns, that should be the only reason. Market returns throughout history have averaged around 12%. If you've beaten that, then feel good about it. You've earned it. For those that hold, six months from now, the past few weeks will be ancient history and once again you'll have above market returns. Then a new stock split will be announced, a new product will be born (Clik!), Comdex will be appearing on the horizon and the bears will be back. Spoutting their infinite words of doom. Will you listen then? Then why are you listening now? Long on IOM for the next 3-5 years! (Now, thats long term) (p.s. it's episiotomy Truff):>)) Zebedee

To: KM who wrote (40703)	12/19/1997 9:23:00 AM
From: Mel Boreham	Respond to of 58324

Hey Truff...Are you really going to sell now! Might it be best to just wait it out? Of course if you really need a tax loss to carry over in the years ahead and have a great alternative (good as IOM or better) then all you have to do is sell IOM and buy one of those beaten down tech stocks or one of the better financial stocks and you beat the wash sale rule. Changing horses in mid-stream is fine if you do it right. You will have to miss a possible run-up of IOM next month with double the number of shares... but that's OK if you buy the right "new horse" now and you have the stock loss to use against your winners this year. I know, I thought of selling part of my IOM that is in my IRA at 32 (no tax consequences there) but I got trapped thinking of how neat it would be to watch double the number of shares go up after a blow out quarter in Janurary. We all get trapped by something, whether its plain ol greed or the thought of giving Uncle Sam 30%+ in taxes on the profits! And then there are the IOM detractors...Count Rockula and his bearded werewolf buddy who drop by to taunt us longs. All I can say, that the next time the Count sinks in his fangs and tries sucking out the life juices from IOM, all he will hear a big "Clik!" and wind up with a "VAPOR LOCK" in his sucker upper... Long and Strong on IOMEGA... We will be in the cool Panama highlands over the Christmas holiday week so will be away from SI but will be thinking of all of you on the thread while we are watching Toucans and Quetzal birds and enjoy the eternal Springtime of the high country (6,000+ ft. elev.) I wish everyone a Very ZippyChristmas and a Jazzy and Prosperous 1998! Think Clik! **Mel**