I think most would have to agree that this stock had gotten ahead of itself. Right--people can't make up their minds--they are waiting for some definitive news, then watch it take off again!
Why did it go for 35 to institutions? I think that it would have been difficult to secure a quick deal at any higher than IOMEGAs low of last week (35). Since the stock price is SO controversial, of course institutions would want an instant buffer.
If they all cashed in already for a quick buck, good riddance!! The stock price is showing great strength around 40. In my opinion, that's amazing strength!!!!! If all your negativity were right on, the price would be back down to 25 by now, and still headed downward.
I'm no expert, but I am an intelligent human being (though a total "IDIOT") and it seems obvious that there is gonna be some more great upside ahead for this company and stock. If it shot up to 54 based on rumors and future anticipations, what do you think will happen when the rumors, one by one, perfectly timed media releases, etc.,become verified??
Yes, many are watching and waiting--the rocket is being re-fueled for take-off. Expect volatility--BUT the show is far from over, and I think you know it, Ida.
I have increased my position yesterday for 1000 at 39.5. If it goes below that (for no good reason, but because your scare tactics work), I will buy more. I also have bought at prices lower and higher (as high as 48.5) and I ain't sweatin' it AT ALL!
Yes every stock that runs up too much will crash--the trick is to know where that point is for the individual situation. Remember--this is IOMEGA, baby!!
I respect all honest opinions good or bad--I just don't agree with yours, but I appreciate your reasoning.
GO IOMEGA!!!!!marie
IOMEGA, YOU ARE DOING GREAT!! (up 1 since I began writing this)!!!! |
