<< Re: Stock price >>
I absolutely, 100% agree with your post. Very observant and it
hit the nail right on the head.
The so called 'long term investors' in the stock (definition:
people caught up in the hype), bail at the first sign of trouble.
Very weak hands, in above their heads, in WAY more than they should
be.
They hang around the thread, read all the hype, believe the
wild posts about huge EPS and revenue numbers coming, sell all
other 'boring' stocks, buy more Iomega then.. BOOM! Blasto!
Panic!!! Margin calls! KE is the 'devil reincarnated' etc...
This is the problem, but unfortunately, there is no good solution.
These almost always end the same way. What we have is 250 million
shares out there with certainly no institutional backing until
things get under control. The last of the 'faithful' will flee, THEN
it MAY be a good time to start picking up shares. But, the following
needs to be answered first:
1. How will this Naomi lawsuit turn out?
2. Flattening after market sales.
3. Tie ratios decreasing (glut of ZIP disks out there)
4. 2 1/2 years of component problems.
5. What the heck is this huge build up of inventories?
6. Asia BS
7. Clik! <- no OEM support, no power specs given.
8. Sony dumping drives in Q2/Q3
9. where will the 100M come from?
10. Jaz vs. Syquest vs. Castlewood, etc...
11. Zip laptop, continuing delays
12. New SRAM supplier bothers me. Why not Motorola?
13. $600 PC.
14. Early Adopter saturation
Good Luck!
kp |
