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Non-Tech : Iomega Thread without Iomega
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To: Oral Roberts who wrote (448)7/7/1998 7:44:00 PM
From: Rocky Reid  Read Replies (1) of 10072
 
>>My 1000 shares of this and stocks like VVUS leave me with little down side risk, but what I think is a fair upside potential. If this stock goes to 0, I lose 5000, If this stock goes to 12, cool! <<

These types of arguments are pure nonsense. It isn't the raw amount up or down. It's the percentages, and more importantly, the likelihood of it going either up or down.

For instance, if IOM goes down to $4/share from $6, that would be a 33% profit. I happen to think that this very situation is likely to happen-- and lot sooner than what Iomega Bulls care to think. On the risk side of the equation (according to my models), Iomega is not likely to go from $6 to $8. Therefore, my IOM short is a good investment.
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