Rocky, re: wishful fantasy
You wrote:
Unfortunately, until those things happen, we'll have to be satisfied with the stock doubling every 12 months. <<
Gary, quit with the wishful fantasy, and look at a 2 year chart of IOM. The value of IOM is right where it was at about April/May 1996. This is coming up upon nearly 2 years of painful stagnation if you have been that long-term. Also, lest we forget,that IOM is 60% down from its all-time high. This, combined with it's recent stagnation, along with a bumbling stock split, and you have the recipe for a whole mess of digruntled investors ready to bolt for better performing stocks as the techs start rebounding. There is a whole market full of stocks with better 2 year performance than IOM.
Some story stock.
IOM has proven itself as little more than an Internet Hype Stock whose hype was fresh and new more than 2 years ago. This is Ancient History by Wall Street standards.
And, I respond:
Those that "gambled" on Iomega when it was being hyped to $55/share don't necessarily deserve to lose money, but many of them do. At that time, the P/E was undeservedly huge, and anyone who bought without doing any research got deservedly punished.
Of course, this represents few investors. Most investors, I'd say over 99%, bought this stock at a price lower than today's. Thus, 99% of Iomega investors have made money. And most long term investors have made a lot of money on Iomega stock.
As for those that bought Iomega in the past quarter at a price over $12, so what? The most anyone paid was $16.75. And, very few paid that much. They will get that back and more very soon. So, once again, your argument holds no sound factual basis.
Now, will you repeat this type of post when those suckers that bought AOL at $93 see their investment drop to $30? Let me answer for you: I doubt it.
Also, what about Syquest Rock? Maybe 2% of those that have ever bought this stock have made a dime. Why don't you go lurk on the Syquest thread?
I'll tell you why: there aren't enough that care about this stock over there to make it worth your while. |
