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Non-Tech : Any info about Iomega (IOM)?
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To: who wrote (6235)8/19/1996 2:30:00 PM
From: Jay Riddle   of 58324
 
Wait a minute, I'm tired of reading this faulty logic:

>Iomega also contributed to the manipulation (notice how iomg sold
>shares at 35 and then bought 2mm of them back at less than half that
>price).

Iomega offered shares to raise capital. They offered the shares at a price the market was willing to pay and at which they feel shares in their company were worth under present conditions. When the market drives the price of shares down, smart investors (Iomega management included), jump on an opportunity to purchase shares they know are undervalued.

When an individual buys low and sells high, it is commended and congratulated. It should be no different when a business invests the same way. I commend Iomega's management for the move (provided they follow through with the purchase soon). Iomega's management is consistenly conservative and forthcoming. I see no manipulation here.

Long Iomega,
Jay Riddle
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