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: Erik J. Lupien who wrote (3562)6/26/1996 1:14:00 PM
From: James Song   of 58324
 
Erik, this is the typical case of manipulation from media. Companies like Iomega are always the darlings of the stock market. But when its stock price reaches to certain level, the big investment houses start to take profit and then drive the price down to such a low level that they can buy the stock back with guaranteed profit. The established financial media is always the unindicted coconspirator of such a manupilation. WSJ has been pounding on Iomega without any substantiated facts. Why does it change the tone now?

As far as the sell recommendation from Cabot is concerned, my guess is that the group realized that it was no match to the media manipulation so that it gave up the fight and took the profit. Of course this is the innocent side of the story. But it is also likely that the group is buying IOMG like crazy now.

--James
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News