SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Linda Pearson who wrote (43192)1/12/1998 7:15:00 AM
From: Michael Coley  Read Replies (2) of 58324
 
RE: Bold Predictions.

The problem with IOM hasn't been sellers as much as it has been lack of buyers. My prediction is that the buyers will return only after 4Q97 earnings are reported. I predict that this will also be true of the general market--that buyers will not return in mass until the majority of companies have reported. (When is this? The third of fourth week of January?)

There's just too much fear in the market right now. People don't want to buy and have the chance of getting hit again with bad earnings. They would rather wait and play it safe.

The end is in sight. My predictions:

IOM bottoms by 1/22.
Market bottoms by 1/30.

- Michael Coley
- i1.net
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News