Any info about Iomega (IOM)? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: hoyasaxa who wrote (7795)	9/26/1996 6:42:00 PM
From: Brian Lempel	of 58324

To all: This really DOES appear to be profit taking for obvious, and already stated reasons. However, peaking at 27 today, I believe that there is a good chance the shorts increased their positions. With an already high market cap, and an unlrealistic p/e ratio, there is a considerable downside risk. I would not be at all surprised to see it right back down to the 10-15 range in another couple weeks. It has already been stated that there could be further earnings downgrades, although the long term pros[ects of the company are strong. This could shake some people out that bought in the teens and still want to get out with a profit. Also, any further gains are likely to be countered by people who bought at 35 (the second offering) and want to get out without much loss. However, after we clear this 3rd quarter, it would be a good time to buy. I believe that the time to buy would be near the time of the earnings announcement. We already know they are going to be weak, but once we clear this hurtle, there should be many positive outlooks on the 4th quarter and fiscal earnings. I think that this is not a good time to be in IOMG, but would moniter it closely to buy once it enters the low to mid teens.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next