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

To: Frank Griffin who wrote (54082)	5/3/1998 12:58:00 AM
From: Rocky Reid	Respond to of 58324

>>how your investment in Infoseek has fared<< I shorted SEEK at $33 3/4 and covered a couple of days later for a quick 10% profit. Good thing too, because it shot up the very next day to almost where I originally shorted it. >>Are you buying stock or options?Do you establish a large position or minimal?<< I have moved my trading funds mostly to cash. I bought some SEG the other day, however. I generally concentrate percentages of my trading funds on just a few aggressive positions. I have a core holding which I will not touch until at least the year 2001. >>Would you mind disclosing your other stock selections that you favor?<< I bought some NTBK the other week. I am somewhat disappointed it has not enjoyed the same hydrogen effect other internet stock have had. It goes up, then down and hangs just about where I bought in. >>Do you have a positive or negative position in Iomega stock?<< I currently hold no position in IOM. I have held both long and short positions and have lost and made money on both. One famous win of mine is when I held onto my plan on selling a IOM long position just before 4th Q earnings, sold at $12 3/4, and in after hours trading, IOM fell through the cellar to $9 or so. It opened at $8 the next day. I am awaiting the inevitable price run-up along with the Vapor! 40MB toy drive's marketing hype. Perhaps the IOM stock price can get to $11 or so. Then I am going to short like there's no tomorrow. Sony's HiFi drive release should send the IOM stock price cascading down. However, IOM may not rise at all this Summer if too much bad news like Castlewood's Orb killing Jaz sales, or Sony's HiFi rumblings throws a damper on Vapor! This is why I currently do not plan to open a long position in anticipation of Iomega Vapor!'s hype.