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

To: Teddy who wrote (44978)	1/23/1998 1:16:00 PM
From: Francis Muir	Read Replies (1) \| Respond to of 58324

<< Question, if a long term investor like me was thinking about bailing out, is there a reasonable chance for a bounce on Monday? >> It would be totally absurd for a long-term investor to wait for a bounce on Monday. Did George Soros "wait for a bounce"? No. He simply got out. It's not that a bounce is not possible, it's just that you should stick to playing the game at the time scale you started in. One of the advantages of trading on the NYSE is that you don't even have to place limit orders as with OTC stock. The Specialist is there as much as anything to protect the little guy, and she seems to have done a very good job today. FIDO

To: Teddy who wrote (44978)	1/23/1998 1:17:00 PM
From: Gary Wisdom	Read Replies (2) \| Respond to of 58324

Teddy, here's my opinion FWIW Teddy, unfortunately, this is now a trading stock. If we ever do see $11 again in the near future, the shorts will pound it back down. If you're a long term investor, and if you are not leveraged, I would recommend holding. However, if you think that there's a chance that we'll see $11 soon, IMO you're smoking something funny. Some shorts are covering today. But, today is totally institutions dumping. Period. They don't care at what price, if they want to dump 2 MM shares, they will take whatever they can get. Anyway, remember what I said last night. At $8, this is definitely a takeover target.