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Non-Tech : The New Iomega '2000' Discussion Group
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To: Amadeo Mendez-Vigo who wrote (1119)6/27/1999 12:18:00 PM
From: BubbaFred  Read Replies (1) of 5023
 
" .. but I sure hope she is 60% correct. "

It is prudent to be cautious on this stock and expect only 60% correct. Despite my strong doubt of its potential to go to $12, anything is possible. I have seen stocks that got heavily touted and go up 300 to 500% in one or two weeks and went back down in a few days.

There are analysts who make recommendations and call for price appreciation. It is usually done to start momentum for a languishing stock. Sometimes it is done to help insiders get better price for the stock they want to bail out. One needs to keep an eye on the proposed insider sales. This is not unexpected, considering the departure of several key personnel who undoubtedly owns large number of shares and are likely wanting to dump their shares.

One indicator of future prospects of any company is to watch the insider activities. IOM in particular, because the stock price is near the low in last 2 1/2 years. Some suggestion on what to watch on the insider sales: 1) Size of proposed sale; 2) Forget the small size, in this case up to 20,000 shares; 3) How many percent of holding is to be sold; 4) Are large sales matched by equivalent size of purchases by key personnel.

Periodically I checked the insider activities, using Yahoo quotes. For IOM, this indicator is showing neutral with negative bias. I don't have access to the most recent activities, so I have no idea if the bias has reversed.

Key support is $3. If it is broken, it would be wise to bail out. One can buy them back at $1.
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