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

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To: Wayners who wrote (18477)3/20/1997 11:35:00 PM
From: Dave Kosmayer   of 58324
 
From an X IOM shareholder:

I sold IOM about 2 weeks ago at $15...when I first decided to buy this stock at $16 about two months ago I thought this company was a nice play at this level.

I still think IOM is positioned great and have a produt that is selling like hot cakes...and also some day should be in EVERY PC.

But the point with the share price is that...NO ONE CARES ABOUT THE FUNDAMENTALS of this company...The SHORTS are having a field day and will continue. Why keep the stock when it's over powered by the SHORTS in it.

The point that I'm trying to say is that there will eventually be a bottom where to many people going SHORT will say hey how much lower can it really go...and that could be now or 13 or even 10. But why should I stay in and hope that every down day will be the last and the bottom.

Just my last opinion on IOM for a while.

Dave.
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