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


To: Shanstar who wrote (50395)3/17/1998 10:19:00 AM
From: Zebedee Wright, Jr.  Read Replies (1) | Respond to of 58324
 
Shanstar

He might have money (Cook), but you might want to check out the rest of his credentials before blindly following him, or anyone else for that matter.

Good Luck

Zebedee



To: Shanstar who wrote (50395)3/17/1998 11:28:00 AM
From: Dan Woodbury  Respond to of 58324
 
FWIW, Wade Cook advocates buying and selling stocks strictly on a technical / trend basis. If you read any of his materials, he rarely discusses fundamental value. Instead, he suggests that if a stock trends between 7 and 8 then buy at 7 and sell at 8. Not exactly rocket science - especially since the trend eventually changes either on the upside or downside.

Lastly, if Cook bought the Apr 7.5 when IOM was at 6 7/8 yesterday, he's already made his 25%. Contrary to the Motley Fool, Cook makes his trade and then tells his readers. It's easier to make money when you create a trend and others are following.



To: Shanstar who wrote (50395)3/17/1998 1:29:00 PM
From: James F. Hopkins  Respond to of 58324
 
Shantar; RE > Wade Cook personally bought 20 contracts of the April<<
I don't know much about him except there is much controversy
about him even here on SI
If you got the number of contracts
correct...well that is not enough to turn my head..heck I'm a
poor boy compared to him and if I go options 20 contracts is not
a big deal for me. Now if that was 2000 contracts I'd take notice.
heck 20 is only 2000 shares , and in options , well that makes
him look cheap, I bought more than that in stock yesterday.
If I was going to go options it would be calls father out and
more than 20 contracts too.
Jim