This is my first time posting here after many months of lurking.
I just want to start off my thanking Ken, Young, Joe Rizzo, Winner,
and the many other regulars who have helped me gain a greater
understanding of Iomega, the company, and IOMG, the stock. Your sage
advice has helped make IOMG my best investment ever!
I hold 3000 shares with an average cost basis of $3 a share. As all of
you know, the last six weeks have been a trying time. At the same time
my confidence in the company's near-term future (the next 12 months)
has increased, its stock price has plummeted 60%! I am confident that
the worst is over (for numerous reasons that other have cited
repeatedly on this thread) and today, I put my money where my mouth
is: I tapped margin for the first time in my life and pucrhased an
additional 1000 shares at $20 a pop.
I'm not psychologically dependent on a scenario where Iomega spikes
up severely on Friday and in the ensuing weeks. As Young among others
has pointed out, if one *knows* from their observations and their
research the full potential of the Zip, Jaz, and their successors,
then it's a foregone conclusion that the stock price will be
substantially higher in the next three months, certainly the next
six months. I can wait that long.
Sashank |
