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

To: Michael Coley who wrote (46748)	2/3/1998 3:41:00 PM
From: BBG	Read Replies (1) \| Respond to of 58324

Michael... A "trading" question...??? >>> I placed a stop order for 1/4 of my holdings this morning at 9 1/2, just in case we broke out on the downside.<<< By doing what you described above don't you take the risk of selling a 1/4 of your position the second IOM hit's 9 1/2 without having time to see if the drop is just a minor bobble or something more serious, like what happened after Q4 earnings announcement and CC? It seems to me that a stop loss limit is only designed to save you from a total meltdown... do you want to sell a 1/4 of your position because of such a relatively small drop in price with the tax consequences and commissions associated with the sell... I tried a "stop loss" with IOM a while back when it was in the $22 range... it hit my limit for like a second and then marched right back up... I'm not questioning your trading strategy as I don't know all that you have involved... I'm just trying to learn a little from the pros... Like you... I enjoy your posts and appreciate the work you do to keep us informed... $10 by close... Ciao... JD