Any info about Iomega (IOM)? Message Board

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

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To: Reseller who wrote (33722)	10/28/1997 1:37:00 AM
From: Gottfried	Read Replies (1) of 58324

Reseller, I think your instincts are right on the money. Here are some of my thoughts [from an e-mail I sent to a friend today]... No, I'm not selling now, even though I expect further temporary losses.[I'm not a good timer] I have also noticed that all the explanations come AFTER the fact. Like "AMAT is down because they have customers in Asia" etc. I know it is crazy, but I really think some big boys welcome all this. It gave them an excuse to sell and take profits AND allows them to buy the same stocks back much cheaper. What could be better? Since mutual funds report holdings quarterly, they can now show that by the end of October they held no "losers" like AMAT. But next quarter they will buy it back in November an have the inevitable gain at year's end. It's not a conspiracy - just smart investing to show themselves in the best possible light. Regards GM

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