Any info about Iomega (IOM)? Message Board

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

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To: Pacing The Cage who wrote (6148)	8/16/1996 6:36:00 PM
From: Ken Pomaranski	of 58324

My target price for entry (based on fundamentals.. remember, this is not a momentum stock anymore) is at 1x 1996 sales. Let's be conservative and say 1.2 billion. With ~120million shares this gives me a target price of $10...this seems a little low..Let's check the chart... chart shows strong resistance at $11...hmm, this confirms the quick fundamental check.. This means that I back up the truck if the stock ever gets to $11 or so.. My guess is that the stock won't get quite that low... I 'll get in at some point close to that... probably when I see a sign of a reversal (see my previous post)... in the meantime, I am filling my time playing with some other stocks. For all of you.. bottom fishing is VERY dangerous.. be careful, and be patient.. good luck, kp

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