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Non-Tech : Any info about Iomega (IOM)?
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To: jwk who wrote (49089)3/2/1998 12:04:00 AM
From: ben luong  Read Replies (1) of 58324
 
jwk, I viewd Fidelity's ownership of IOM as negative.

If they dump that many number of shares for whatever the reasons, IOM's stock price will be severely depressed.

Just look at how Fidelity kills APM.

Institution ownership is a bad thing. Even large cap like ORCL can get killed in one day.

I think average Americans are so stupid that they let these no-brain mutual fund managers shuffle around their hard-earned dollars. They are much better off buying the S&P spider traded on AMEX.

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