>>Glad you brought this subject up. While I too am concerned about my long position, I feel that we should still have a bit of a run-up prior to earnings. This has historically been a great opportunity to dump shares on unsuspecting sucker investors as they clamor for position while the inevitable short squeeze begins, and the stock rockets upwards 100%-200% as Iomega announces stellar Quarter numbers.<<
Rocky -
If you look at the history, instead of just blathering without a thought, you'll see that for the past year, the "suckers" who bought IOM in the weeks just preceding earnings have done just fine.
The current price is well above the prices for the weeks preceding the 1st and 2nd quarter earnings, and just about even with the prices preceding the Q3 report. And of course, had one bought just before that last report, one could have sold about a month later for a nice gain.
So what history actually should be telling you is that hanging on to your long position would be smarter than selling just before the Q4 report.
>>Rest assured, IOM will drop like a stone soon after earnings are announced--whether the earnings are good, or bad.<<
Do I have to point out that you haven't been right about that "drop like a stone" prediction any of the previous times you've made it? No, I don't. For you, unfortunately, zero credibility would be a step up.
- Allen |
