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Non-Tech : Any info about Iomega (IOM)?

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To: Gottfried who wrote (56317)6/18/1998 12:27:00 AM
From: Gary Wisdom   of 58324
 
re: <<Gotta be quick, though.>>

Oh yea, you better buy at the open. It might gap up 1/16.

I bought 1000 shares last week at $5 3/4. For a lousy $625, I have had to watch this piece of crap for a week now, just making sure it doesn't crash on me (like it did when I had a zillion times more of it).

People, it ain't worth it. It's been 7 months now, and the stock has gone straight down. Most days, it moves less than 1/8.

Now, if you're a truly long term investor (which by definition, none of you are since you read this thread), then I guess it really doesn't matter. Especially if you only have a very small position relative to your portfolio size.

But for the rest of you, this stock absolutely sucks. I'm sorry I bought those shares last week at those ridiculous prices.

Note: of course, should the company be bought for $12 tomorrow, I take back everything I said. <ggg>

Sorry, but I've almost never seen a worse investment. Of course, it could be worse (Syquest).
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