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Non-Tech : Any info about Iomega (IOM)?
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To: William R. Polk who wrote (3464)6/25/1996 7:55:00 PM
From: Joe Kowalski   of 58324
 
Hi William,

This is my first post though I've been reading from here for a while.

I totally agree with your analysis and have from a very reliable source that Cabot did issue a sell on IOMG today. Cabot is a very disciplined investor and I believe that this a case where he is a victim of his own system.

Specifically, the small cap index funds are now required to sell IOMG since they must adhere to their charters strictly. By their own definition, IO is no longer a small cap and they had to exit before the end of the quarter......ie today.

Ironically, their exit established enough negative momentum to trigger Cabot to issue a sell after hours today. I'll be interested to see what kind of following Cabot commands in this very special stock. I suspect that the mid cap funds are watching for a chance to move into IO so if my crystal ball is right, we may see a drop and then a recovery after the initial Cabot stampede (if there is one).

Tomorrow completes the third Cabot buy-sell cycle on IOMG since mid 95. I'm pretty certain that outfit will keep watching IO and may come back in WHEN the earnings increases become visible-in July or October. Barring any unforseen IO problems.

I believe this stock is going to $80 to $100 within two years. If IO goes below $20, I'm buying more. I don't believe IO can go below $15 based on a P/E of 50 (for a hot growth stock) and a MIMIMUM annual earining projection of $.30 extrapolated from an $.08 earnings announcement in July. After that, earnings really take off and we will be off to the races!......................JDK
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