Re: <<when do u think we get out above 30+ close>>
Sonki,
That is a question only God (KE) can answer. For what it's worth, IMO, we will see back and forth on Iomega until Comdex. We might see a bump from Comdex (with the new product announcements and such) but will see a trading range of $26 -$35 until the January earnings announcement.
I personally expect the earnings to come in way above all estimates at this point. With the backlog, with them not posting revenue from product actually shipped in the 3rd quarter, with increased PC sales this quarter, with more OEMs shipping products installed with zips, and with higher margins from cost reductions, I really think they will blow out this quarter.
So, until January 1, I will trade this stock, while always holding some stock that will be "untouchable". Remember, absolutely no one knows how the market will behave in the future. It will go up and down, sometimes violently. Even good stocks get hammered when it goes down. Thus, it ALWAYS pays to have cash these days.
Re: ASND, if it sees $35, I will be happier than a pig in sh_t. However, I will not dump my shares at this level. As the price dips (I am actually only buying on $5 increments), I am picking up more. Hopefully, there won't be any more buying opportunities for me!!!
Good luck (and sorry to be so long winded). |
