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Non-Tech : Any info about Iomega (IOM)?
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To: Cogito who wrote (6867)9/3/1996 5:40:00 PM
From: Young D.T. Nguyen   of 58324
 
Allen, although I am very optimistic about IOMG 's future, in the shorterm
there could be more weakness in IOMG - especially if the market crashes
again before 3Q release. So JP Cross may still be correct (although I think
IOMG will only drop to 11-12 before recovering quickly and will not drop
below 10, unless helped by some really bad news.)

I bought a bunch more on the last dip near 13, and have been waiting
for a bigger dip to load up. I think many people have been waiting for
the same. Folks have gotten off margin and have cash in hand to buy
on dips now, plus the shorts will cover -- so a dip to below 10 is quite
unlikely, IMO. Whatever happens, I certainly plan to buy the rest before
3Q release - I am counting on a good dip or two between now and then,
especially near report time when folks could panic and try to get out.
Another big temporary dip may actually help the stock since it will flush
out the rest of the weak hands and dimimish sellings on the way up.

It is hard to convince yourself to buy aggressively on weakness, and I
am kicking myself for not taking advantages of all the great opportunities
during the crash a few weeks ago. IOMG 's time in the sun will come
again soon, I am quite convinved of that.
Young
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