Any info about Iomega (IOM)? Message Board

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

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To: Gary Wisdom who wrote (41790)	12/31/1997 4:19:00 AM
From: Brian Cunningham	Read Replies (2) of 58324

I don't get this tax selling explanation for IOMs retracement. Since IOM is up nicely for the year, particularly when it was at 30, taxes are a disincentive to selling. Seems more like profit taking, market and disk drive group jitters, and just plain technical movement to me. Also, I can't help but think much of the volatility is due to the high percentage of small investors in this stock. The fundamentals and price are excellent here. My feeling is that on the next cycle up the institutions are going to be happily taking many shares from the little guys.

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