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Kunal,I agree that the negative comments on cnbc ,wsj etc have made the investors skittish on this stock , but there is in my opinion also toooooooooo much pure speculation on the stock market - options , puts , shorts , momentum investors , computer programs hunting upgoing stocks - buying and selling within hours , recommendations by brokerages ( one day INTEL was out , 2 days later it got a recommendation of strong buy - even the commendators thought this was absurd ) etc, which make 'investing' so iffy nowadays. I bought IOMG because my son told me about this wonderful storage device etc etc and he waxed about it for hours and moaned that he could not get a zip drive. He found out about the company and according to Peter Lynch's principle we invested in IOMEGA way before I ever read the silicon investor. Now , thats a year ago and - sorry to say - we sold in between and didn't start out with much - but we still believe in the future of the products and absolutely HATE the hype which is going on - with many stock now. Without this hype , the stock might have grown slower and steadier and maybe be at its present value - I have no idea - it definitely would not have shot up to 54 after the split - but now this negative sentiment about Cabot might drive it down somewhat more than it should be - Joe Kernen DID NOT mention iomega as a stock influenced by Cabot today - miracle or oversight ? So I decided to ride it out , get the momentum players off , the shorters out - and have an earned stock price increase due to the product , earnings and FUTURE of this company . I hope that KE comes out with some statement separating our stock from this hoopla and hype , referring to earnings and new OEMs. Wal |
