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

To: sheila rothstein who wrote (47222)	2/8/1998 3:42:00 PM
From: FBarron	Respond to of 58324

<<<Gary, AT least BC had fun, can't say the same for IOM shareholders.>>> Both parties involved had to deal with the slump that followed though. ™¨™ <o>

To: sheila rothstein who wrote (47222)	2/8/1998 3:47:00 PM
From: FuzzFace	Respond to of 58324

OT to SR I pretty much agree with your posts today, with the exception of your characterization of FIDO and Rocky. FIDO may be a curmudgeon, but I don't think he was being sexist or condescending. He may or may not have been right about women getting the kid glove treatment in financial circles (depends on your point of view, doesn't it?) but I believe he is fair and honest and has good intentions, just like you. When it comes to IOM, Rocky is a stopped clock (an 8760 hour clock at that - right once a year!) He's very entertaining, but anyone who wants in SYQT, even below 2, is playing with fire. A story: Before we met, my wife used to have a doberman. A neighborhood cat regularly tormented it by jumping on his doghouse and then hightailing it over the fence just in time. One day, the cat slipped and didn't clear the fence. They found pieces of it's hide. Though this story makes me sad because I am a cat person, I think something like it will happen to SYQT traders someday. Of course, you could argue it already happened to us IOM investors. :( I sold all my IOM in two lots. I waited for some recovery, and now I need a break. I did this once last year when IOM hit the low 30s. Wish I'd stayed out. I'll no doubt be back soon, but as a trader, not a long term investor, since I can no longer trust KE to guard the value of my investment. We all saw the handwriting on the wall, about KE's not caring about the "short-term" stock price, but we chose to ignore it. After all, we thought the street had already discounted it. That's partly why IOM was underpriced all year, even at 33. And surprisingly, KE did give great CC last Qtr. I have learned my lesson: buy-and-hold should only apply to companies whose CEO cares about all stockholders. Otherwise the stock is subject to major blowups, and should be treated as such. Pitting long-term investors against short-term ones is a ruse used when the going gets tough. As if there's a guarantee that holding for long-term will inevitably lead to nice gains. Is the stock down or flat for 2 years? Well, sorry, but we in management only care about "long-term." If you ask "What's long-term?" the answer is it's longer than whatever term is being discussed, unless the stock was up during that period. So as long as KE is in charge, IOM is now a trading stock to me. And I will NEVER again hold it during earnings. I know, never say never. <g> BTW, part of my demise was posting too much. It made me emotionally overcommitted to IOM. After all, how could I laud it on SI, and not buy-and-hold it? I couldn't without feeling and looking like a hypocrit. So I am going to post less and trade more. Too bad I missed the top of the current trading range again, but if I can stop worrying about that kind of thing, I should do better in the long run. Good trading/investing to all.