Any info about Iomega (IOM)? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mama Bear who wrote (7368)	9/22/1996 1:02:00 AM
From: Michael Canario	of 58324

I agree with your selling pressure point on Monday. There are also many folks like myself who bought into IOMG in July and Aug. thinking 17 was a bottom. After holding on through the moves below 13, I will get out on Monday morning if IOMG opens below Friday's close (I wish that I had put a sell at 19). I am a strong believer in the long term prospects for this stock, but many have been burned recently and I want out before I'm under again (I KNOW that this stock will see 15 again - too many people like me, afraid to give up Thursday's gain). If the 3 point runup was from an earnings UPGRADE, this stock would be headed to 25 in a hurry. The average investor (who I think holds something like 55% of this stock) is going to want to see real earnings in Q3/Q4 before it buys the hype again. Unless I see real strength on Monday, I have to believe that Thursday and Friday were because of options players and not a reflection of the market suddenly re-embracing IOMG (that will come, but not until after proof of Q4 earnings). The 2 cents of a late-comer.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next