Iomega Thread without Iomega 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 : Iomega Thread without Iomega

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: craigl who wrote (2693)	10/27/1998 1:08:00 AM
From: Ken Pomaranski	Read Replies (4) of 10072

<< Anybody have any thoughts on the recent runup? As someone whose IOM portfolio is bathed in red it's nice to see, but I'm wondering - >> e. Random Fluctuations f. Suckers rally precipitated by the announcement of the new CEO You 'long term investors' (ha ha) are missing the big picture here. These fluctuations are killer to a portfolio, as they are mere pertibations toward the final resting place for the stock. Amateurs get suckered in big time, and lose their behinds. I just smile when I note that no one seems to want this stock at 2 15/16, but they'll suck it up four days later for 5 7/8. Fact is, this move doesn't have ONE THING to do with the prospects of the company. You must trade it as such. Syquest had many of these 'pops' also on it's way to it's resting place. All this is is one fool trading his shares to a greater fool. (note how no institutions will get near this stock...). It's a little rally kicked off by a CEO who (if you read his words carefully) is keeping Iomega in the same track it's been headed down. Good luck! I will likely join you if things REALLY turn around on the balance sheet. Until then, be careful... My two cents... See you next time! kp

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next