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Non-Tech : The New Iomega '2000' Discussion Group
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To: Reseller who wrote (1394)7/6/1999 12:45:00 AM
From: Ken Pomaranski  Read Replies (2) of 5023
 
<< I'm actually inclined to think he's part of the short effort. >>

Oh yea, Hillary! Part of the vast 'right wing short Iomega' conspiracy. Here is how it worked:

We set up the entire PC industry in the United States to start with high ASPs and go lower. We then made sure that people bought a ton of Iomega products in the beginning, just to suck people into the stock, then we forced people to stop buying Iomega products. This was tough to do! And we had to do this without the bulls knowing about it! So we had to do this:

We then engineered these bulletin boards, filled them with wildly bullish people, just to get people to ignore the fact the Iomega was coming in with larger and larger loses. Hey, companies losing money hand over fist, with dropping revenues are great investments! Can't have the stock fall to zero too soon!

So yes, I can understand how you can blame shorts for this fiasco. Companies posting greater and greater loses, revenue shortages, lawsuites galore, workforce cutting, and having only one profitable product, with declining margins should deserve to be trading at 52-week highs every day!

kp

PS: Don't let paranoia get to you.. Not everyone who disagrees with your point of view is a 'bad guy out to get you'. You may want to get your data straight first before you make blind allegations.
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