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Non-Tech : Any info about Iomega (IOM)?
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To: Cogito who wrote (10155)10/26/1996 10:16:00 PM
From: NoName   of 58324
 
Allen, You are proving exactly what I'm trying to point out about IOMG. Don't you find it a "BIG" coincidence the LS-120 news was released at the time it was? It was obviously an alibi to keep IOMG declining otherwise the MM's couldn't justify the hugh downward spiral.

As far as KE, well some challenging quarter that turned out to be. Bill Gates always downgrades his quarterly projections and everytime the MM's always publicize it and wouldn't you know everytime MSFT beats expectations. This statement was also used as an alibi to keep dropping the price.

Concerning the correction, well if you recall the NASDAQ market was up almost everyday for almost 2 weeks. Well, anytime the DOW, AMEX, or NASDAQ is up almost 2 weeks, that is an obviouse sign we're in for a correction or crash this is because it signals that the Specialist or MM's are unloading their shares of stock, as was the case with IOMG.

So basically you're proving my point, with the "news" articles that you just mentioned. Obviously, you read this thread and you know how gung-ho people are about IOMG, so realistically would the LS-120 news REALLY cause a massive widespread sell-off in IOMG. MOst investors just put their money somewhere and leave it, I bet half of the IOMG investors in the country don't even know about the LS-120. These investors saw a declining stock price in their investments and sold off.
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