Any info about Iomega (IOM)? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Warren Gates who wrote (4614)	7/19/1996 12:06:00 AM
From: Chris Alexander	of 58324

Warren, here is my take on IOMG which I would be willing to buy, but not after today. If you currently own IOMG, it will open up big and go up till about 10 a.m., climax and fall back some by the end of day. I advise selling at 10 a.m. to even the long-term investors. After tommorrow, IOMG will go back to 26 - 28. Buy it back under 25 waiting however long it takes and you will make more money than holding long-term without selling and buying back in. Tommorrow, 34 - 35 is about the tops I would think and that is optimistic. Remember, there are many more shares now than before, so a 5 point move is what used to be a 10 point move. Due to the changed market condition, players are not longer going long, but selling substantially after every big one-day gainers.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next