Any info about Iomega (IOM)? Message Board

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Non-Tech : Any info about Iomega (IOM)?

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To: Miguel Octavio who wrote (3471)	6/26/1996 12:05:00 AM
From: Young D.T. Nguyen	of 58324

Ref:"I can confirm Cabot issued sell, will get hit hard tomorrow." Yep. I can confirm that also. The stock may drop some more tomorow, but I am not sure that it would be due to Cabot. I am not sure many people are rushing to heed their recommendations any more. There is also probaly not enough downside for the shorts to rush in and create big selling volume which may trigger a slide. I am a bit surprised by their decision, and I am certainly not going to follow their rec. on this one. Cabot porfolio has been hit extremely hard laterly, and I think they just want to lock in IOMG profits to offset losses from recent picks - before they regroup and march out again. The market is a bit shaky laterly, and I think investors are very nervous about the FED 's decision on rate on July 2.

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