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Non-Tech : Any info about Iomega (IOM)?
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To: Brent D. Beal who wrote (41975)1/2/1998 1:41:00 PM
From: KM  Read Replies (2) of 58324
 
Brent: Yes I am worried about it. I cannot fathom why the selling is still going on. Technically, it looks low risk at this price. As far as the earnings and quarter go, I don't know if everyone in the world knows about it. Don't forget the 3rd quarter. The damn thing didn't move the day of the earning report - we all complained about it that day, but moved ~2+ the day after and on to $33. I'm sitting on a large loss on my current positions and am not happy about it.

I'm still willing to give the benefit of the doubt and wait to see next week's action when everyone is in town and theoretically the mutual fund buying should start. Somewhat like the week after Labor Day, when, as you will recall, IOM finally took off after languishing a long time. If this weakness continues into midweek next week, I will have to think about bailing. I have shaken every tree and hit up everyone I know who knows anything about IOM and nobody can tell me that they've heard anything is going on or anything negative.

Did you ever get in? I don't recall your saying that you did.

I wish Darrell Smith would comment here. I suspect that he and his firm are out of the stock, although I asked him that question directly a few weeks ago and he said they were in.
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