Any info about Iomega (IOM)? Message Board

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

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To: Kevin Lee who wrote (9491)	10/20/1996 12:31:00 PM
From: Cogito	of 58324

>>They buy because friends tell them IOMG is now at $25 and it will go up to $55. << Kevin, I agree with you that shorting IOMG isn't the right move right now, but I sure hope nobody is telling friends to buy right now on that basis. I believe the price will go up, though not straight up. There will be dips. But I don't think we'll see 55 again for a long time. Oddly, I think bull is probably correct in saying that there will be a few more wild swings in the next couple of months, with the range between 18 and 40. And frankly, 40 would surprise me. It would be a happy surprise, but I'm not going to hold my breath. Yes, I'm still long. I considered all kinds of day trading manuevers last week, including writing covered calls. Finally decided just to hold and let management take care of business. Once again, they justified my faith in them. - Allen

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