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

To: Gary Wisdom who wrote (50836)3/20/1998 11:06:00 PM
From: BIGSTUDLY  Respond to of 58324
 
I have found out time after time that trying to average down in a
stock backfires time after time. If fundamentals temporarily change
and the street gets spooked, the best road seems too be, dump your
long position and go short. You can always reverse back again if
fundamentals reverse again.
Only trouble is none of us like to admit to ourselves that we made
the wrong move to start with. Secretly all of us like to think of
ourselves as infallible. Unfortunately, this sort of thinking can
be very expensive. I know from my own experiences, believe me.
Oh, by the way, in case you haven't guessed, "BIGSTUDLY" is not one
person. We are an investment club. The name is a joke and a combination of most of our initials.



To: Gary Wisdom who wrote (50836)3/21/1998 10:57:00 AM
From: Alan Rosen  Respond to of 58324
 
Gary,

Anyone that is honest about what they do in the market has made bad trades and lost plenty of $$$. I know I have.

The key is taking responsibility for one's decisions and have the ability to move on. I have learned the former well, but, still have a little problem with the latter.

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