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Non-Tech : Any info about Iomega (IOM)?
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To: Steve Wiz who wrote (4322)7/15/1996 8:07:00 PM
From: Young D.T. Nguyen   of 58324
 
"Alex just heard money managers aren't sure anymore whether IOMG will
meet earnings estimates for 2Q. Although this is probably not true
participants are shaky in a choppy market and will run for the exits
at any sign of IOMG earnings shortfall. Also CNBC had their usual IOMG
short on this morning pounding negative scenarios. Seems like CNBC is
plugging a lot of shorts on the airwaves. Second day in a row
that they had short on squack box. Something smells real bad this week."

I am glad to hear that money managers aren't sure anymore whether IOMG
will meet earning estimates for 2Q. This is just what we need: low expectation
coupled with big positive surprises. IMO, with the market acting the way
it is, it will take an extreme bearish view on IOMG by the general investing public
plus a big earning surprise and huge news to get it back up again. Otherwise,
we just have to wait for market turn around or 3Q and 4Q results before major
reversal start. I can and will wait for that time to come. And it will come.

The best thing for IOMG right now may be lots and lots more negative news and
rumours of bad earnings by the media to lower expectations, and short interests
to rise dramatically. Then on Thursday, IOMG announce big earnings/revenue
surprises followed by great news for the future. Nothing short of that may move the
price up significantly in the shortterm, IMO. Individual investors are spooked, and
the big boys have left town and may not return soon, until they see
clearly that the bottom has been reached in the tech sell offs.

Good things come to those who wait...
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