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


To: Frank Drumond who wrote (46719)2/3/1998 2:19:00 PM
From: Ron Flanigan  Respond to of 58324
 
Frank:
I would not presume to tell you as I am a "rookie"
but I suggest you read the previous posts and you
will sort of come up with an idea.

I did one thing right these past few days and that
was to buy more IOM at 8+ and sell at 9+ thereby
making my initial investment a bit more palatable
at 14 1/2.

With todays trading availability I never understand
why you would go long with any stock. If I can buy
and sell at a profit, and I can with ETrade's
commissions then that is the route I will take.

I read an interesting article in the IBD dated Monday
Feb 2nd that you have to have a plan and then
discipline yourself to abide by that plan. The
writer was talking about having a number where you
had to sell when the stock takes a nosedive. He
suggested 7% for long-term traders. My rule has been
8% but I find myself cheating.i.e. IOM.
Ron



To: Frank Drumond who wrote (46719)2/3/1998 4:35:00 PM
From: John Alan Wallace  Respond to of 58324
 
<<>>

No, I am very confused over the last couple of days, but more and more it seems we are getting to a point where a retracement might happen. Or this could just be a retracement back up to 12 1/2. If only I knew for sure!!!
JW