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Non-Tech : Any info about Iomega (IOM)?
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To: steve mcruiz who wrote (8137)10/2/1996 10:50:00 AM
From: Christopher Charles Milas   of 58324
 
I have a feeling that 3Q might actually push the stock up temporarily by 1-4 points, causing it to reach back into the 26-27 range. 3Q started out terribly for IOMG but finished with larger sales than expected. So, I think that IOMG is going to outperform the analyst quotes which only looked at the early progress of IOMG during the down months. Despite the high P/E ratio, the stock will go up or stay the same, for at least the first week after earnings.

4Q is going to be better than 3Q, but the stock is going to be incredibly volatile with many price swings. 1Q of the next fiscal year may well be challenging again. That's why I say to sell around 30. The price may rise past that to the 40s, but if it does, it will come crashing down within the month as people take profits and then others panic. Just my opinion. This stock is so volatile it's hard to guage in the medium term.

Happy Trading....
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