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Technology Stocks : SYQUEST -- Ignore unavailable to you. Want to Upgrade?


To: Dumar Grey who wrote (5889)3/16/1998 3:52:00 PM
From: Dale Stempson  Read Replies (2) | Respond to of 7685
 
Re: >>bought IOM on your and D. Stempsons recommendations.<<<

You haven't been reading my posts. I clearly indicated I was only trading both SyQuest and Iomega. In the last month I have held both bearish and bullish positions on both stocks and have posted as such. I was holding a small short-term bull position in IOM and sold it at the open this morning.

Regards - Dale



To: Dumar Grey who wrote (5889)3/16/1998 6:20:00 PM
From: Maher Sid-Ahmed  Read Replies (2) | Respond to of 7685
 
Mr.Dumar:
Never buy any stock on hype you read on the internet by people you don't know. Always diversify by buying companies in more than one sector (Technology, Retail, Transportation,etc.). Never place all your money in one stock. If any company you have in your portfolio has insider's selling then it is always best to sell your shares in that company. IOM had nothing but insider's selling all the way from $28 pre-split price.
you can read articles and advice on stock picking on a number of web sites for example:
msn.com
dbc.com
Good luck and do not panic. A stock that hits 52 week low usually rebounds a little and then depending on the fundamentals and future outlook can either recover or continue its downward slide. IOM is now below its 52 week low.

Maher



To: Dumar Grey who wrote (5889)3/16/1998 7:01:00 PM
From: yihsuen  Read Replies (1) | Respond to of 7685
 
<<M. Coley, D. Stempson - Help!>>

I know you're just trying to make fun of both guys. I bet you don't own any IOM (at least not this moment). If I remember correctly, I believe Dale changed his opinion on IOM a while ago and dumped his long-term holding on IOM - based on fundamental reason I believe. That's why even Dale has been expressing negative opinion on SYQT over here for quite some time, I always read his posts carefully because he does look into SYQT much deeper than I am capable of. I remember he dumped IOM around $8(?) and I talked to myself 'This guy is definitely wrong this time, with $8, IOM should be bottom out, time to buy.' How can you image a month later IOM will declare a loss. I just don't know how IOM managers can run the business into negative?! Although I don't own any IOM shares, I was shocked this morning by IOM announcement.

As for Michael, you probably won't hurt him a bit at all. This guy has the guts to go over to Yahoo site single-handed battle with all the SYQT bulls with his believe - also supported with his own research. Best of all, I will never forget what he said over there something like - "If I am wrong, I will not be afraid to admit it." Trust me, if SYQT suddenly turn positive, he will be the first one to jump in, and will state he position all over the Internet.

I've been in and out of SYQT so many times with a lot of LUCK. But I will dump my SYQT right away if they stop posting here. Because the fundament of SYQT is truly horrible, without their info, I will be playing with fire, why take the risk? Do you think you can get this type of info from your broker?



To: Dumar Grey who wrote (5889)3/16/1998 7:23:00 PM
From: Michael Coley  Respond to of 7685
 
RE: Help is on the way! <TIC>

Dumar,

>> M. Coley, D. Stempson - Help! <<

You really want my advice?

>> I sold all of my SYQT shares and bought IOM on your and D. Stempsons recommendations. What do I do now that IOM is down 30%?<<

Wait for the bottom and then short it.

>> Should I write covered calls or buy 50k more shares at this bargain basement price? <<

Or maybe you could just get out of IOM and try to find the next IOM. You know... A company with incompetent management, trading at wild multiples, with tons of competition and a shrinking market, just poised for a huge fall.

>> Will it go lower? My broker called this morning about a margin call or something, should I mortgage my house and buy more? There's no way the share price of IOM could go lower than 7 is there? <<

You didn't already have a second mortgage out on the house? You obviously weren't listening to me, or you would have. Lower than 7? I think it did. I think the lowest it can go is 0.

>> I put all of my kids college money into this baby. <<

Hope they get lots of scholarships.

>> You've always said that people should be in IOM for the long haul but I'm even down on the shares I bought in Jan of last year. <<

Did I recommend IOM to you in 1/97?

>> Please help me. What do you recommend? <<

Shock therapy.

- Michael Coley
- wwol.com