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Non-Tech : Any info about Iomega (IOM)?
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To: KM who wrote (40624)12/19/1997 11:11:00 PM
From: Dale Stempson  Read Replies (1) of 58324
 
Re: "...would like to hear why you think we aren't going lower."

Trufflette, Sorry I didn't have time to respond earlier. To answer your question:

1) I believe the single most significant factor that'll keep a floor on this puppy is the increasing institutional ownership. We've waited quite some time to get to this point and now that it has arrived, we can enjoy the support it brings. (We're simply not used to it).

2) Almost as important is the fact that analysts remain quite bullish despite the recent news events.

3) Also, Iomega's long term prospects remain solid and unchanged while their short term quarterly results should be excellent.

We spend countless hours on this thread discussing the competition, doing TA, reviewing fundamentals, running scenarios, etc, etc. While we can be certain in our own minds of what should happen with this stock, it means almost nothing without the backing of analysts and institutions. IMO, we have very little impact on the price of IOM and remain slaves to much larger forces at work.

While IOM could continue to go even lower due to general market conditions or some unexpected news, with these folks on our side coupled with the ability to take a hit without bailing, short-term pull backs will be followed by higher highs.

Regards - Dale
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