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Non-Tech : Any info about Iomega (IOM)?
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To: NoName who wrote (10422)10/29/1996 6:19:00 PM
From: Cogito   of 58324
 
>>About "gung-ho" IOMG investors, my point was that people on this thread know more about IOMG and all it's happenings than the general public, so how would the introduction of the LS-120 cause the massive sell-off if the people that know best about the ramifications of the LS-120 didn't scare them. The trick was to lower IOMG's prices and use the news as and alibi to GET people to sell off. That's all. <<

NoName, the massive sell-off was not caused by the people who know best about IOMG getting scared. It was caused by brokers, etc., who have many stocks to track, and cannot be totally up on every stock on the market. They read news like that and make the snap judgement that Iomega's days are numbered.

Undoubtedly, many of those people are now thinking that CD-RW is a real threat.

The people who know best about IOMG, including the ones on this thread, do not represent enough buying power to control the price of the stock. If we did, it wouldn't be sitting where it is now.

- Allen
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