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Non-Tech : The New Iomega '2000' Discussion Group

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To: hdl who wrote (3752)1/4/2000 2:37:00 PM
From: Ken Pomaranski  Read Replies (1) of 5023
 
<< Why is iom outperforming so far this year? >>

Simple. Everyone who was going to sell sold in December for tax loss reasons. That left only buyers at the pre-market on Monday. The buying pressure was exacerbated by the mention of IOM on wall street week.

The selling will start again when people realize that this is a shrinking company, losing the battle to tons of competition. This will be apparent at a pre-announcement, or the announcement. For now, enjoy!!

kp
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