Re: S&P Inclusion
Sorry, but couldn't resist this one.
They will never add a $9 stock like Iomega to the index. Never.
Also, regarding the reiteration of earnings estimates . . . No one on the Street listens to Emerald. When a good firm gets behind Iomega, then you can all celebrate.
Anyone notice today's fiasco? Iomega started climbing up with decent volume and good money flow. When it got to $9 7/16, the Iomega haters woke up. All of a sudden, a 200K share offer appeared.
End result, stock closed at $9 1/4. Until KE opens his mouth and says something, this stock will never see $10.
Of course, should he do that, then maybe Iomega will see the price it deserves. However, he hasn't done that yet. No reason to think he will.
And, yes, you can count me in as another former Iomega shareholder. I gave up last week and moved on. However, I hope that you all make a lot of money on it this year.
Good luck. |
