To: sheila rothstein who wrote (47155 ) 2/8/1998 7:46:00 AM From: Mel Boreham Read Replies (3) | Respond to
Sheila, I have been going over your recent posts and the responses to them and have found them interesting reading to say the least. I think that you (and I) like to call ourselves "long term" investors, but probably have a relatively short time frame when it comes to following this stock... If you really are a long term investor, we both should not be members of SI and should not be so intent on reading the conference calls, and posting on a frequent basis here, but we do... so what does that tell us. We still hope for that big run up where we sell the stock at a peak and make a killing on the market and then take our profits elsewhere to some other company with what we think has a similar potential... buy low and sell high, that's what you are supposed to do... Why didn't you and I sell when IOM was at its peak last fall? Probably, greed had something to do with it, as it always does in the market... Fear and Greed are the fuel for the stock market. And with the thought of having twice the number of shares by just waiting til Dec. rolled around was also a nice thought. Twice the leverage for when IOM would be coming out with "blowout" earnings... almost guaranteed by Dr. Iomega and many others who post here, including the folks who post sales snapshots from resellers and from CompUSA and Computer City. I certainly fell into that category. After all I am almost exclusively invested in just 2 stocks, and most is in IOM at the present time. Yes, I was shocked and dismayed by the fall off in the stock price, but, thankfully, I was not on margin, so did not have to receive one of "those calls" that marketeers always dread. Option players are just gambling, so I can't even include them as "investors" these guys make money and loose it just like the other gamblers do at the crap tables in Vegas. They have no real vested interest in the company, just putting side bets on where the price of the stock will be at some point in time. Not that it that sort of thing is bad or immoral, it isn't, but the folks that do this kind of thing, know what they are doing and should know the RISKS that they are taking. I agree that the overall tenor of this thread is quite short term, but I do enjoy keeping up with what is going on with all types of posters, short, long and options stuff. However, just because Mr. Kim Edwards had a bad day and may not have had the proper "SPIN" on the CC that we would have liked, at least he was not a scam artist that some CEOs are and although he tended to use several negative words to describe that he was disappointed in some aspects of the last quarter, I believe he did come across as someone who is HONEST! That is a quality that is very important. He is not sitting on his laurels either, the ad campaign may have sounded to some as an act of desperation, but if you are KE and someone who is paid to take a few risks to build the company further, then I think is doing just what he should do. Get the public educated about what Zips are and what they can do for you and your family, company, etc.
