Any info about Iomega (IOM)? Message Board

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

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To: Francis Muir who wrote (45756)	1/27/1998 12:45:00 AM
From: Rocky Reid	Read Replies (2) of 58324

>>You're joking, right? The price fell steadily today from 9 3/8 down to 8 1/2 amd there is no reason to suppose that it will not continue falling at least for this week. Francis is right. With the margin calls going on it could dip more. The next real support is $7 1/8 or so. This is probably closer to the bottom. I almost pulled the trigger and sold when I saw $9 1/4 today (maybe I should have) and dumped the shares I picked up at $8 5/8. This would have only given me a marginal profit, so I held off. I think I can pick up some more in the 7's pretty soon. Incidentally, what exactly DOES happen when one can't meet a margin call?

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