Any info about Iomega (IOM)? Message Board

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

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To: balloonman who wrote (46110)	1/29/1998 3:25:00 AM
From: Robert Skinner	Read Replies (3) of 58324

Great comment from Balloonman. Snip "the only reason a company exists is to make the owners a profit (presumably that us). KE has done the profit thing very well in the past few years (what has happened recently to change that ?). But to suggest the 'business of hyping the stock' is not in 'OUR' best interest is puzzeling to me." And Balloonman says Snip "How can a company's stock drop 30% with a few million shares in after hours trading. and then in the next few days trade close to 1/3 of there outstanding shares and only move in a narrow range." Great Questions Baloonman ill give it a try. I think K.E. is still doing a great job to make IOM profitable. What has happened to share holder value or fast stock appreciation? Theirs more shares outstanding I don't think I need to explain what that means. Then there are delays in gifting new product to market. I also am saddened by the way Nhand turned out. Of those things the only part of it I blame on KE is the number of shares outstanding. A little about number of shares outstanding. I'm still thinking about the stock market becoming a national pastime. And I'm weighing the value of having more shares and a lower price as a way to get more people buying the stock. Thinking to myself that the more people that buy the stock the more people will buy IOM products. I also remember a campaign I started a few years back after Iomega went from it's all time high to the low teens. At that time I read a lot of people complaining about the stock price. Then I encouraged people to buy the product stating the stock price will take care of it's self as long as we buy the product and encourage others to do the same. Well the company sold more stuff made record profits and people that bought the stock while it was down made a profit. Funny thing I remember a lot of people (the shorts asking my why I would buy such a beat up stock? My answer was simple to make a profit. Ok What about the stock being down so much on such small volume then trading so many shares and not moving much. I was thinking about that a lot today. A few thoughts I had. Stock being sold short. Market makers accumulating the stock. People waiting tell they see IOM start to take off before buying. I remember one poster saying he would "short the stock into the stone age" Think about it in one day 46mm shares traded I wonder how many of those shares were sold short and what the effectictive number of shares trading now are? I do like the Volume still trading. It has been pointed out to me that the volume is getting lower. But I do believe there are still a lot sold short maybe to many. There are a lot of technical /chart people out there who may be thinking that last time Iomega took such a hit it kept going down from there so now they may be shorting it thinking they can drive it down further and make a profit. The problem with that is IOM's pe then was what a few hundred not in the teens. I think when people realize what is really going on we will see a lot of volume and the stock go back up to fare value very fast as the shorts get clobbered as they are clobbering us now. Ill try to post more on this latter Thanks for your posting Boloonman Best to you Bob

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