To: Zebedee Wright, Jr. who wrote (40709 ) 12/19/1997 10:14:00 AM From: Tom Carroll Read Replies (1) | Respond to of 58324
RE: Buying and/or holding now ZBD, I'm with you. Ain't nobody gonna get my shares in the low twenties or, gulp, below that. They didn't get them there in 1996 or early 1997, and they won't now. The fundamentals a year or two out are still okay. Frank Drummond has convinced me that Iomega can effectively counter the HiFD, if it ever appears, with the Zip 200, and I'm pretty confident that Iomega can modify its drives enough at any time to prevent Nomai and other gnats from breaking their lock on the media. So, my target is still $60 (or $30 post-split) sometime late 1998 (optimistic) or 1999 or, if I have to, 2000. And if Clik works bigtime, I may shoot a little higher than that, though at this point I'm not committed to it. Truff, about Cramer and trading versus being truly long, I'll readily grant you that aggressive trading is more profitable, but only if one is competent at it. I'm not. I've never been able to get under the skin of herds very well. So I settle for knowing a winning tortoise of a company when I see it, especially in areas where I'm knowledgeable. It beats the overall market appreciation, and I can live with that. I do envy Linda that beautiful Jag, though--my first car was a 1963 Triumph TR4--so maybe if you hang around and teach us slow learners a bit more, I'll start to get the hang of your style of living on the edge and earn myself a sports car. <grin> Indeed, that's part of the reason I follow this thread every day, that is, for the tutoring. It complements the entertainment value of this cyberlocation. I certainly don't need to be here daily to support my multi-year long-term strategy. Cheers, Tom (long IOM)