Any info about Iomega (IOM)? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Dale Stempson who wrote (53140)	4/20/1998 7:20:00 PM
From: Ken Pomaranski	Read Replies (2) of 58324

How's it going over here? Hopefully well.. Dale, you said: << FWIW, I was convinced the earnings news would have brought the stock price significantly lower by now. The support we're seeing at this level has caused me to re-think where IOM might go from here.) >> ahh.. fooled by the market again. Yes, the market is not rational, therefore you cannot beat the market by using rational techniques! Why can't fund managers beat the market? Because they are the market, and they all 'play' using the same rules. (the same rules you are trying to use here... PE, P/S, etc..). The stock market is a perfect chaotic model: can't predict the short term but the long term stands out when you step back and look at it from afar. The fact is: Iomega will never make another dime. period. (IMO) maybe a penny or so ;).Therefore, the long term puts this stock at $2 or so. What will it do from now until then? who the heck knows? but you cannot fight the tape. People (especially Iomeganiacs) will flock back to this cheap stock on any sign of strength, even when there is very low volume. Mark my words: One year from today this stock will be trading at 2 1/2. But I won't do anything until this 'rally' plays out. My likely play is naked calls. The stock moves slow enough to make this a fairly safe play. But I bet we see 9 7/8 before 2 1/2! I'll wait until then, or until a new downtrend takes shape. Good luck! kp

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next