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Non-Tech : Any info about Iomega (IOM)?
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To: Hunter Vann who wrote (53742)4/27/1998 5:00:00 PM
From: Rocky Reid  Read Replies (5) of 58324
 
The Iomaniac's Frame of Mind

1. Paranoia.- Since I have negative views of Iomega Corp, I must be either a paid short seller or employed by short-sellers

2. Blind Loyalty.- They refuse to acknowledge the fact that NO OEM's have lined up for Vapor! because of a host of problems with it. OEm's have had PLENTY of time to evaluate it in all of its incarnations. And they have rejected it time and time again. Iomaniacs refuse to realize that Bread and Butter retail Zips are the only real source of profit Iomega has propping up flimsy earnings and stock price.

3. Short-sightedness.- the refusal to realize that there are much better investments out there than this dog. Stocks which actually move Up appreciably- not down 40%+ since December.

4. Ignorance.- the fact that any views doubting Iomega are met with derision and even more blind loyalty to a company with no earnings that dumped shares at a high price last Winter, leaving Iomaniacs holding the bag on a single-digit stock.

5. Herd-mentality.- whatever Iomega says, goes.- no questions asked. Iomega can do no wrong, even though its current stable of products is not turning a profit- all will be saved when Vapor! is released. Is it any wonder that IOM stock is so easily manipulated with investors like this?

I will be heavily shorting IOM as Vapor! draws near.
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