No, I'm not "implying" that at all. I'm 'stating' the one can 'recognize' the same mechanics at work pertaining to a short squeeze. RMIL is not a tech stock, or a railroad, or a resorts co., like past big squeezes. YOU"RE evading my 'simple' contention that the SAME mechanism for a short squeeze is present here. i.e.,
_______________________________________________________________
>>>>>>>>Subject: Any info about Iomega (IOM)?
| Previous | Next | Respond | Earnings | Iomega Clubhouse |
You have 1 unread message
To: Steve Wiz (7080 )
From: Ken Pomaranski Thursday, (DD)
Reply # of XXXXX
Someone asked why the stock is going down.
No one knows! And it doesn't matter! I'll I know is that I look
at the chart and see a dead stock. Why is it dead? I don't care.
How do I know it's dead?
(1) Constant lower lows and lower highs week after week
(2) No response at all to general market rallies (this is the
biggest one.)
(3) no follow through on rallies.
(4) Upticking vs. downticking has been terrible.
(5) Longs dumping on good news. (leaving the rest to hold the bag)
FUNDAMENTALLY:
(1) KE said himself (if you read between the lines) that demand is
slackening.
(2) Rebates and shift to OEMs will hurt margins in Q3.
You can't fall in love with a stock. I dumped after the Q2 report
and have almost doubled my money since then. (AAM options,
CUBE bounce with options, and have been in RAIN, not much action
there until today.) Look at what is doing well since the correction
and buy those stocks! Let the dust settle with Iomega. Let the
market tell you when to get in.. Iomega has too many shares
outstanding to make a large move. (and have it stick..)
It may be smart to hold at this point but I sure would not have
been putting any new money into this stock since the Q2 report.
By the way, I say this stuff to cause you to think over your investment
strategies.Too many people buy high then average all the way down
to the bottom. Don't commit new money to a stock that is dogging.
Branch out and look at some other stocks! But never give up.
Someday I'll join you longs again, but for now I'll just watch (and
learn) from the sidelines..
good luck,
kp
__________________________________________________________
I know you have experience w/ investing in a stock where trading was halted by the SEC. But , your contentions that RMIL is a scam, and in any way similar to GRNO is ill-thought out, and slanderous. I would suggest more DD on short squeezes. In fact the short position here, is ILLEGAL NAKED SHORTING, calling certs will expedite, potentially, one of the greatest squeezes ever!, Pugs |
