>>I'm not an expert, but it certainly seems to me that with virtually ALL techs falling bigtime, we cannot expect Iomega to be immune.<<
This may be true, but then how do you explain the strength today of SYQT?
By all rights, it should be taking a pounding as well, right? What, with all of the share dilution and whatnot, it should be around $1, shouldn't it?
Well, the answer is simple, and direct. IOM is hated by Wall Street.
Irrational? Maybe. Unfair? To be sure. But one thing is for sure--it is the truth. Why fight Street sentiments? AOL and SYQT are presently overvalued, but the recent market downturn has left them largely alone. The reason is that Wall Street loves these stocks. The truth is, there are numerous other stocks that have been beaten down unfairly recently, and when the market turns upward, will shoot up farther and faster than IOM. COMS and QTNM are two such stocks.
Therefore, there are much better stock plays out there other than IOM. |
