Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: RetiredNow who wrote (56693)	6/22/1998 8:29:00 AM
From: Rande Is	Respond to of 58324

MM: Regardless of what stock you trade or which way you go, the most important factor is how well you know the trading pattern of the stock. You should be able to predict the pattern pretty well before the stock even opens and have your plan drawn out with contingencies. By doing so, you lessen the risk and increase your odds of success. Suggest not shorting stocks with more upside than down. I made a profit on all of my trades with IOM [all long] by following trading patterns. Short stocks that are high. This one at 30 was a very successful short play. At this level, it is dangerous to short, especially in light of many potential news items that can restore their financial picture. I would short Texas Instruments or other "not-high-enough-tech" companies. Rande Is