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Non-Tech : Any info about Iomega (IOM)?
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To: Malcolm Winfield who wrote (6325)8/20/1996 5:30:00 PM
From: Bill Fischofer   of 58324
 
Temptation is mounting

Looks like we are building for a final selling climax (a mirror of May's speculative blowout). It's obvious it will go lower but I know if I sell it will pop at least 5 points immediately, so the only question is when to start buying more. In my limited experience, the only thing worse than riding a stock down is being handed your "sucker" T-shirt for selling out at the bottom.

Unless you believe IOMG is headed for bankruptcy, or if you're hopelessly overleveraged there is no reason to sell now. IOMG at this point is a tightly coiled spring waiting to explode. Q3 is more than half over at this point. Expect more OEM announcements after labor day (and the summer vacation season is over) as PC manufacturers ready their fall lineup. Following this will be concerns about Q3 earnings being perhaps not as bad as the recent price slide would lead one to believe, the prospects for a very good Q4, and that annual ritual less than 90 days distant from now called Fall Comdex. Anyone want to wager that IOMG and its OEM partners won't have a few new toys to show there?

I'll probably start nibbling in another point or two and will be buying bunches for every point below 10 the panic manages to push IOMG. Remember that JPMorgan's 12-month price target of 42 hasn't been revised yet. I'll be happy to take a 400% return in 6-9 months.
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