I think IOMG will hold up for a while. I think the hype is
reinforced by the fact that the rest of the sector isn't doing
to well. I think as soon as reversal in the market takes place,
IOMG will be the first to fall....it was pretty apparent today.
Everyone got hit hard except IOMG. I think the split and issuing
of new shares will eventually lead to the stock's downfall...as
with all the companies we have witnessed this year in the tech
sector. XLNX, INTC, TXN, ALSC, ATML, IDTI, America Online (is
there symbol AOL?????), LLTC, AMAT, CRUS, and the list goes on.
Good luck with the remainder of the year and I hope you get out
of IOMG, NSCP, and DNA soon.
-JW
P.S. on another note...regarding Flash Memory stocks...what is
your opinion on how the market will treat them? (with MU's report
being very lukewarm) |
