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Non-Tech : Any info about Iomega (IOM)?
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To: rocky haag who wrote (9712)10/22/1996 3:48:00 PM
From: Jeffery E. Forrest   of 58324
 
Over analyzing? I thought analysis was the name of the game. To use your baseball analogy "I just calls 'em as I sees 'em".

>>>>>I could see some tentative thought if indeed
the 4th quarter never takes off but golly gee we are through
the 3rd gentlemen and not only survived but thrived!<<<<<

I don't think we survived or thrived. I see trouble ahead, trouble behind....Debt, rebates, Competition from BIG players, etc.

As for my "turn about" lets just say I see the writing (as in CD-DVD) on the wall. Like I've always said, I never marry a stock. The only times I have> I LOST. Gotta stay objective.

I don't see a problem with IOMG as a 15-20 dollar stock, but I think reality is setting in (as well as NYSE) and we aren't going to see the ridiculous valuations of the past. When people who bought high realize they are not going to get their money back anytime soon, they're off to greener pastures.

But hey, who am I to say. I got laughed at and flamed BIG time when IOMG was at 45-50 and I suggested to people to LOOK AT A CHART, that it was going to break to 25-30. Gotta admit I WAS wrong. In fact it went to 13-15.

And as much as I hate to say it...THOSE DAMN CHARTS. They are UGLY! I'm seeing lots of distribution which should not be happening to a stock that supposedly has done well with earnings. It justs keeps selling off? Why?

I'm still hanging on to my last few shares, but my finger's itchier all the time. There's thousands of good stocks out there and I don't even have to give IOMG a kiss before I leave. IOMGs been berry, berry good to me, but all good things come to an end.
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