SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Any info about Iomega (IOM)?

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Guy Gordon who wrote (3525)6/26/1996 4:14:00 AM
From: Fred Weiss   of 58324
 
To All - My first post to this thread. I'm long on IOMG and I have to say that this thread is noticably more emotional about this stock then all the others put together. No insult intended - just an observation.

Investing in equities seems to me to be an enterprise that should be governed by calmness and level headed decision making. The previous posts regarding Cabot's sell recommendation are true. I called to confirm myself. It is also true that Zack's rate IOMG at strong buy as does one regional analyst reporting to Zack's. One institutional analyst is shown at Zack's with a #2 rating (moderate buy). There are no holds or sells. I consider the Zack recommendations to be forward looking in the 1 to 6 month range of time.

Mr. Lutts may well issue a buy recommendation on Thursday night when he next updates his hotline. His recommendations, if he is honest, are based on much more near term considerations.

Zack's has been downgrading tech stocks like crazy. Zack's has upgraded IOMG.

Conclusion: Either sit through the down cycle or sell and buy back after it clearly bottoms. Either way, a long player in IOMG will make money within 6 months. More likely 2 to 6 weeks.

Happy trading,

Fred Weiss
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext