Iomega - A Civil Discussion Message Board

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Non-Tech : Iomega - A Civil Discussion

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To: Trakker who wrote (1230)	5/1/1997 6:40:00 PM
From: D.J.Smyth	of 1908

I can see it from that perspective. However, the short termers on the market were looking for more. The shorts jumped in and added their heavy breathing which tipped the price. My judgment. Analysts continue to breath bearish signals even though 75% of the Nasdaq stocks have fallen greater than 30% from their highs and a similar number on the NYSE. IOM's turn will come again. Liars can figure, but figures don't lie (referring to sales). The shorts scare the crap out of the average trader. Shorts are looking at the trailing 12 month PE and a few graphs to make their shorting calls in IOMs case. Short term up, short term down, short term up, short term down. It will eventually see saw its way up as the market learns just how effective IOM is in selling their products. Right now the traders on the street (including the shorts don't have a clue). Shorts don't always study the product they're shorting. Longs have this impression that shorts are avid with the pencil and longs are avid with other things. Only a few shorting organizations of which I'm aware, are avid with the pencil and their service costs $20,000 annually. IOM is NOT one of their picks to short. IOM has the potential to explode, unlike the weak lambs they're suggesting to attack. The ultimate short, Alan Abelson of Barron's, called both Presstek and Iomega terribly wrong from the price of $5 for IOM and the price of $28 for Presstek to their current levels. To say IOM's "glory days are over" is silly. They're in 1% of the boxes - who is going to go into 99% of the other boxes? How precious is a 3 1/4? I haven't used the 3 1/4 in ages. It's technically lost its usefulness. A new system not equipped with either Zip, Jazz or equivalent is already two years behind. Who in their right mind buys a "two year old system" and pays current prices? Even Patrick Keeler turned long (as he used to post on the short side of the market of IOM). The shorters thread quit posting in October 1996 due to lack of interest. Yet, the longs continue to feel the pressure of shorts and their consistent baiting tactics.

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