Any info about Iomega (IOM)? Message Board

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

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To: Cogito who wrote (45872)	1/27/1998 4:11:00 PM
From: Gary Wisdom	Read Replies (2) of 58324

Allen, please take your head out of the sand (no disrespect intended) You (and the rest of us) are getting hosed big time. Let me explain. The past 3 days, both individuals and institutions have been selling this stock. Individuals due to margin calls; institutions due to the conference call. The only people buying this stock right now are: 1) individuals that sold at a higher price that are buying back in and 2) traders that will flip this stock as soon as they see $10. Go on defending KE if you wish. However, he is the one that hosed us. If he cared in the least about the individual investor, he would have been on CNBC by now saying something positive like either a share buyback or just that everything is going according to plan and that earnings will continue to be strong. If it helps you, keep defending him. It's a free world.

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