I agree with your comments, I, however am in for the long haul, yet unlike your dad, my paper losses come nowhere close. I came in late in this game, but the thread has provided me the most insightful bit of informatin and has become somewhat of a Linus blanket for me as I've questioned by decision more than once before I "got religion" and became a LOONNNG IOMEGAN. For people with time on their hand who want to just sit and watch the prices fluctuate, indeed profits will be in their Christmas stockings, more in 97 than 96.
My principal comment on what's been accouting for the volatility are those out there who unlike WV said, are invested in the market, and "damn" the companies. The "shorts" are kicking some really rocket scientist machinations. Look at IOMG last week alone, a low around 19 7/8, and a high over 29. And a drop after a 22cents earning (if you consider the split. Most don't). On 1000 shares alone that would be a profit close to $10K. Nothing to sneeze at, just based on when you got in and out.
Had I the acumen, just from reading this tread I could have anticipated a five-point rise and fall myself. Take the profit and run? Perhaps, particularly after hitting 28 on Thursday. I didn't BTW.
The title of this thread is "share price too high?" The consensus most of the time is that it is not? So what's happening? I often ask myself that, particularly after the kids and wife are long asleep. For those of us who are long on Iomega...some think it sacreligious, to play the buy and sell game. It never hurts to hedge our bets, to get out, and then back in for a bargain. Now I think that's what happened last week, and will continue to happen throughout the summer. This is just from what I've read here.
High for IOMG...I don't have the calculations to anticipate, but just this evening I've read about a comfortably certain 29, with some venture to the low 30s.
As for lows this summer? A few post back I saw 15 -17. Well folks, now the time to decide how long and tedious this summer will be, and how you want to optimize on the information on this thread.
One thing I've noted as I read this thread, and I READ THE WHOLE THREAD...(Thanks again Andre, and Robert's not responded formally (here) or informally (directly.) He probably won't.) As I was saying, the OEMs are a definite. INTC, in case someone may have forgotten signed a $1 billion contract. (I think Young posted that.) There's the recent Seagate deal, and the Maylasian acquisition. Soon summer will be over, it's inevitable, and Europe will get back to being a significant player after the holidays. And then there will be the holidays here where a lot of people will be asking Santa for more than a Zip...think JAZ folk!!
Make your money this summer, if you can, buying and selling, but when it starts climbing, the volatility will become less of a roller coaster and more an olympic trek up a mountain. And indeed JP, IOMG will return to a height that you might be interested in before it become a standard.
The only variable that can and may exacerbate our fortune and delay it a bit more is the media. Granted this is an election year, but hints and rumors expertly timed do have the marked reaction they want. For example, nothing but good news for the last ten days or so on IOMG... USA Today for example, regardless of how active IOMEGA was...NOTHING except where they closed as if some code required USATDY to list "most active, biggest gainer, biggest percentage gainer," yet ignore the Seagate deal that accounted for a rise, or the above the street average on earnings. Indifference as they say can be more difficult to deal with the outright hate. Particularly when everyone else loves what you hate. On this last note, eventually, I think the big players will realize IOMG is a force to be reckoned with, and whose time has come. It might just take a little longer than many anticipated, but I too feel KE has a handle on that too.
Sorry for this so late at night...Good luck this week...all of you. Especially...you Andre!
Thoughfully, with Regards,
Archie
a.k.a
Jeremy and Myles Dad |
