Any info about Iomega (IOM)? Message Board

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

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From: olduser	6/6/1996 12:35:00 PM
	of 58324

AS I WARNED YESTERDAY--THIS BUBBLE HAS POPPED Iomega's public offering of 5,000,000 shares of its Common Stock at a price of $35.00 per share was a DILUTION of the share price and yesterdays close below $40 is a result of it. Furthermore, todays DOWNWARD TREND substantiates this dilution. Iomega has lost about $1.5 Billion in Market Cap in less than a week. The thrill is gone from this momentum driven "investment". As I stated yesterday, "I expect a large portion of the 5,000,000 shares purchased on Tuesday for $35 per share ARE BEING SOLD to lock in profits". "It is obvious that IOMG is BEGINNING TO PEAK OUT and DAILY VOLUMN IS SHRINKING". "Anyone buying into Iomega above $35 is jumping on board a SHIP OF FOOLS". Hope some of you acted on my advice. Frank

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