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Non-Tech : Inside Trading
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To: Joshua Lee who wrote ()10/6/1996 2:54:00 PM
From: Kashish King   of 62
 
I don't think insider selling would go unoticed given the attention being paid to this stock. The problem with IOMG has more to do with the increase in high bandwith connectivity which allows people to transmit files rather than lug them around. The order of magnitude increase in capacity for local storage also has a dampening affect on the need for secondary storage since you can keep your stuff where it is and backup on cheap servers. Add to that the fact that most thick applications ship on CD and the fact that cheap CD-R is just around the corner and you can see why IOMG has one of the highest short positions. I haven't even talked about the newer technologies being developed for the mass market and they are considerable.

IOMG's stock is standing on the shoulders of public ignorance just as we see in AOL and other loosing propositions. But let the lemmings run, I say, and have their day in the sun. For when they're done and finished their fun, the owls will look all the more wise.
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