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Non-Tech : Any info about Iomega (IOM)?
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To: chester lee who wrote (7192)9/17/1996 4:28:00 PM
From: Robert Skinner   of 58324
 
Rebates & last 15 min trading

Theres also people like me that never use a coupon. Now some times my wife uses them. But for me it's just not worth the time.

At 12:48 Pac time. thats 15 min before market close.

At 12:48 Bid 14 1/8 ask 14 1/4 Vol 5,430,500
At market close Bid 14 3/8 ask 14 1/2 Vol 5,858,800

Near market close today many buys at the asking price of 14 1/2 A price increase of 1/16 pt. over market close.

So We had a lowering of earnings expectations today and the closing price of the stock shows little or no change.


With the lowering of earnings exptions for Q3, the corection this stock has allready taken and the stock closing almost unchanged. Heck it allmost closed up for the day.
I fell strong or bulish about Q3 stock price adjustments. It would appear this stock has a strong base around 14 3/8. Bad news could not hold this stock lower.

I hate to make any predictions having no crystal ball, but I see this stock colsing around 15 friday and going up from there holding around 17 for a short time prior Q3 report. Then seeing this stock push through the lower 20s quickly after Q3 report.
Pre Q4 report high 20s. After Q4 Can't make a guess yet. But with all the new OEM's It seems a no brainer that Q4 will be very very strong.

Long on Iomega
Bob
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