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Non-Tech : Any info about Iomega (IOM)?
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To: Tom Cruiser who wrote (4592)7/18/1996 9:08:00 PM
From: prosperous   of 58324
 
I think this stock should do well after some time.
Looking at the report, it looks pretty good to me and has
all the ingredients of a desirable stock, wonder what future
outlook the company provided in the conf call.
One thing people on the board (any board) will realize is that it
does no good to anyone to hype up the stock and overanalyze and overspeculate the numbers after having bought it (it serves some
purpose before buying it).
My suspicion is that although many people said it, they are not
really long the stock ("not short" is not REALLY long) and
are looking for an opportunity to take the profits that they missed
in the first run; otherwise what could explain all the anxiety we have
seen on the board about this quarterly earning, what is a quarter
in the long run?
If the people are really long and not in a big hurry to sell, I think
that even if the stock sees a momentary down-turn in near future,
it should eventually pick up in a few weeks (assuming the market sentiment still stays bullish and the company is positive about its future) based on its merit.
If any one drives the price of the stock down, it will be nervous
individual investors trying to sell.
The big buyers will wait and see which way the price goes and then
optimize their deal.
I bought the stock in upper 20's and I will patiently till the price
reaches a level that I want, which I feel it will do in a few weeks
otherwise, of course, I will wait longer.

Hemant Rotithor
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