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Non-Tech : Any info about Iomega (IOM)?
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To: Chris Sterner who wrote (7724)9/26/1996 10:53:00 AM
From: Jeng Chiu   of 58324
 
Chris, they aren't shortsellers. These people bought high and sold low, so their rooting for it to go down. Think about it. If you bought @ say, 25. And sold at 14, would you be happy? What better way then to come here and tell everyone to sell. In their minds, if the price comes down, it'll justify their selling. Simple psychology. When you buy, you hope the stock rises. When you sell, you hope the stock falls.

These are not disinterested parties. They hope the stock falls below the price they sold at, and then pick them up again at a cheaper price. Everytime it goes up, it ruins their plans even more.

If "bull" really did think that Iomega was just a printing press w/ no substance, then why would he "buy back @ $10-12". If I thought a company was just a scam, I would never buy it, at any price.
He's just a frustrated little fella.
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