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Non-Tech : Any info about Iomega (IOM)?

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To: Zebedee Wright, Jr. who wrote (50974)3/23/1998 3:19:00 PM
From: Rocky Reid   of 58324
 
The signs are all here-- a correction is coming

-The techs are running (especially the risker Internet issues)

-Elaine Garzarelli ups her DOW estimate- a sure sign of pending disaster.

-Tech earnings are down. The realization of this will not hit until Earnings season rolls around in a couple of weeks.

-IPO's are hot. This indicates most other established stocks are too expensive.

-S&P index has popped way up in a very short amount of time.

The correction is coming soon. I'm glad I have short positions in what I see are the stocks poised for the greatest fall- AOL, YHOO, and IOM.

**When people see how Iomega's Earnings loss pops the PE ratio way up, the stock price will correct downward.
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