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Non-Tech : Iomega Thread without Iomega
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To: Gemini who wrote (4733)12/2/1998 3:45:00 AM
From: HardMoney   of 10072
 
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
And IOM has to be over $10 before we see any heavy
institutional buying.
Allan
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<

I don't agree totally with that statement. Institutions trade as well as accumulate longterm....in fact many times that is how they begin to establish a longterm position, institutions have been buying and selling in the last 4-6 weeks.however, I also I believe the Street will now be focusing on the numbers,numbers,numbers!!!!!!,if you know what I mean. I believe we'll need > $0.05 profit for the quarter guidance of a very big Q1 before we break $10.00.Short term,however, IMHO, the $7's will be history soon. Added a little on Monday at $7.0625.

Frank

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