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


To: John Lacelle who wrote (51034)3/24/1998 11:27:00 AM
From: Rocky Reid  Read Replies (4) | Respond to of 58324
 
>>Looks like the Monday tech crash you called has failed to materialize. The NASDAQ ended the day up. IOM is up. Better cover yer short fast before you get caught with your pants down. All the other shorts are long gone.<<

I have about a 10% pain tolerance in any short position I enter. But my basic view of the market I posted yesterday still stands. I believe a correction is coming very soon, as most of the riskiest issues are running up. Patience will reward those who don't run into a burning building to grab the last bits of wealth.

By earnings time the market should be one sick little puppy. I am moving most of my money to either short positions, or cash.