Any info about Iomega (IOM)? Message Board

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

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To: James F. Hopkins who wrote (50378)	3/17/1998 1:34:00 AM
From: Rational	Read Replies (2) of 58324

James: Today was the big institutional sell off for IOM. When this happens other institutions step in only if the price drops sufficiently. Other panic short-termers also sell off. Only die-hard longs remain like in AAPL, ORCL, SUNW and many other companies with the same types of problems (being cited at the time) like competition, market saturation, niche play (for AAPL), and what not. Institutional buyers in such cases wait for the price to drop sufficiently to pick up the baggage. Just imagine when a block of 1M share of IOM is offered in a panicky morning. Who will pick it up and at what price? Another institution will buy only if the price is a fire-sale price. I thus think today's was a panic sale, given today's information. I also think that this may be the the reverse of the hype (pre-announcement) to let the price drop sufficiently so that insiders can buy. I am not saying that IOM may not have a shortfall. But, the backlog that they have may move up inventory and inch up the sale sufficiently to close the gap. Even if IOM can show +1c earnings by any chance, the stock will easily climb to 10. JMO. Sankar

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