RIBBIT 2.5 - Rocky's Iomega Bearably Bearish Investment Table - repost
Due to glitches the first time, I am reposting this.
Today IOM was up 3/4 to 18, capping a day when Rocky sprayed the INFOS thread with an embarassment of posts. Embarrassing to Rocky at least, because at 11:29, with IOM up 1/2 point, Rocky posted:
> it is still not too late to dump it and jump on the COMS/USRX diesel train. You can always get back into IOM if you wish, because it's price will not move hardly ANY for a long time<
techstocks.com
That caused IOM to rise 1/2 point within 45 minutes. So Rocky remains our last, best hope - as a contrary indicator. His infamous "single digits" prediction still brings tears of schadenfreude to the eyes of those who would otherwise not harm a fly.
A brief skirmish broke out in midday, as Rocky qualified his weeks old rec to short MSFT by saying he'd personally never do it:
> I have never been short MSFT. I mentioned a couple weeks ago that I thought it looked like a good short candidate, but I qualified that by saying MSFT was too unique of a company to risk shorting it. <
techstocks.com
In other words, it is a good short candidate, and at the same time, it is not. Hope that cleared things up. Meanwhile, back at the ranch, by 2:58, IOM was at 18, up 3/4 point for the day, but 1/4 off its intraday high. Rocky began salivating again:
> Make no mistake about it, IOM is a broken stock. <
techstocks.com
And 13 minutes later, Rocky explained why he still posts on the INFOS thread, modestly eschewing words like "savior" and "Messiah":
> If it were not for me or other bears, potential investors would be subject to the incessant Iomaniacal Hype that goes on here, and be more inclined to blindly walk into this Institutional bear trap called IOM. <
techstocks.com
This prompted some wags to tease Rocky about the double entendre in the expression "Institutional bear trap".
Though IOM closed well within its recent trading range, a 3/4 point (4.3%) rise is nothing to sneeze at - unless you are Rocky. So to help memorialize it, we place some of today's Rocky nostrums in the "up, on medium volume" slot, decommissioning "This means IOM is having a sucker's rally". This phrase is obsolete mainly because lately Rocky has given up on the low teens and single digits dream of his, and concentrates now on reminding us that IOM is stuck in a trading range.
But IOM's recent rise seems to be making Rocky error prone. In the following post he has IOM numbers coming out before the end of the quarter:
>The next earnings are due in a couple of weeks, so a slight run-up is in order. We may have begun this today, as a matter of fact.<
techstocks.com
Sorry to have to be the one to tell you Rocky, a couple weeks is 2 or maybe 3, certainly not 7. You may be right that this runup is due to earnings expectations. But isn't that a good thing?
RIBBIT 2.5 - Rocky's Iomega Bearably Bearish Investment Table
IOM
Price
Change ........Volume ........ Rocky's Interpretation
------------------------------------------------------------------------------------------------
down........... low ..............This means IOM is drifting again. Just like a fat, balding ...........................................man sitting in an inner tube, floating in the pool in the hot ...........................................sun under the rusting sign of some cheap, sleazy roach ...........................................hotel on the outskirts of Reno.
down............medium ....... This means IOM is being used as a helpless pawn
down........... high ............. This means IOM is a dead cat
unchanged.....low.............. This means IOM is a dumped dog
unchanged.....medium.........This means IOM is a narcotic drug
unchanged.....high.............. (unknown)
up................ low .............. This means IOM is a little boy, who sits alone sulking in .......................................... his bedroom on Palo Alto Drive. His black eye swells and .......................................... throbs, administered by the older, bigger boys
up................ medium ....... This means IOM is a dumpster among tech stocks, a ........................................... broken stock, an Institutional bear trap; So a slight run-up ........................................... is in order. We may have begun this today, as a matter of ........................................... fact.
up................ high............. This means IOM's PE is way out of line,
.......................................... it is about to die, and this time I really mean it.
The heartbreaking story of Rocky's long-IOM days can be found at:
techstocks.com
The 22 megashare question: where will Rocky cover his shorts?
Number of days unanswered: 29
Price change since then : +1 5/8 |
