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Non-Tech : IOMG - Clear Winner
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To: Aaron To who wrote (22)9/13/1996 5:42:00 PM
From: phil corelli   of 129
 
Aaron, IO's run up to $55 a share was clearly a result of hype and momentum surrounding the issue at the time. The company has good fundamental's for future growth, however this stock has clearly lost the glimmer it once had. Look at the upward movement of big boys in the tech sector today with the nasdaq up over 22 points, as opposed to IO up a mere 3/16. Many people on the street have turned their back on the potential Iomega has to dominate the storage industry even though it seems certain they will. I'm afraid it will take a couple blow out quarters and coverage from major brokerage houses to light this stock up again. If you are a short term investor 6-12 months and trade on margin, you should find another place for your money. PC
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