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Non-Tech : Any info about Iomega (IOM)?
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To: Patrick Keeler who wrote (8825)10/16/1996 1:09:00 PM
From: Jeffery E. Forrest   of 58324
 
Patrick, some clarifications. When I spoke of IOMGs suppliers I was talking about atmel, impx, jmar NOT IOMG resellers which is what I assume you were talking about when you spoke of CompUSA numbers. (besides that CompUSA sells alot more than just Zip drives.)

I typo'd on my market cap. figure. I meant to say 2.9 NOT 9 billion (just a "little" different, Whoops) I Liked your comparison with KO, but hey, can we agree that KO is ridiculously priced right now as well?

>>> My charts look lousy because I'm short.<<

(Actually I'm 6' 3" ) No, I'm not short. I have elaborated my position ad nauseum. 1000 holds, some DOOM calls and some OCT PUTS for a hedge. The reason I chart is charts don't lie. They just look how they look. You have to learn to READ them, but they don't leave much room for "creative interpretation" as you are suggesting.

>>> IOMG has been in an uptrend since Labor Day <<<<

NO WAY! Labor Day was on the 2nd this year. On Sept 3 IOMG closed down at15.25 it then goes under 15 and remains there in a trading range from 13-15 until Sept 19 when we get the spike in price which lasts for 5 trading days, It then reverses itself on the 26th and has been in a 21-24 range ever since. I wouldn't call that a "trend".

>>> IOMG will meet H & Q's ests.<<<<

It may very well do that, but if it "only" meets earnings I think we go right back down to 15.

I still don't think we'll see much upside for "at least" another Q.

If I'm wrong, gee whiz I lost a couple hundred I spent on PUTS and make out like a fat Cat with my DOOM CALLS and 1000 shares when the short squeeze starts.
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