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Non-Tech : Any info about Iomega (IOM)?
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To: Olapet who wrote (50901)3/22/1998 12:41:00 AM
From: HardMoney  Read Replies (2) of 58324
 
To All,

I believe IOM is at a critical juncture in its business plan, and that is reflected in their stock price.

To the bulls I say:
$5.00 (with a bad quarter or bad news) is not completely unthinkable. That's a 33% loss from where we're at now.
If you buy on margin then you're at a 66% actual cash loss.

To the bears: $10 is possible with a good quarter or good news.

That's the same % loss as above.

So my point is..........we all might as well wait until earnings and CC to decide whether to go long or short.
Although assuming bad news, for some who are short, the gap down the morning after say maybe to $5.00 - $6.00 eats up a lot of their profit , so taking a postion prior to earnings might be a neccessity.

If any one cares I'm waiting until earnings and CC to decide whether or not to go long again.

I've been taking a break from the board recently ( I currently have no position in IOM) and I have found a couple of good prospects....... my other point is:
There is a world outside of IOM

Good luck ,

Frank
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