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Non-Tech : Iomega Thread without Iomega
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To: Raven McCloud who wrote (3396)11/6/1998 12:54:00 AM
From: Serge Collins  Read Replies (1) of 10072
 
Raven, I would not characterize what we've been seeing the last few days as frenzied buying. Frenzied buying is what occurred with K-Tel this summer when it shot up from $6 to over $70 in a matter of days. There are many other examples (ie. Internet stocks). Frenzied buying occurs when the demand for a stock so overwhelms the supply that the ensuing imbalance creates huge price gaps. The price therefore rockets up rapidly, a sort of storm that gathers momentum and becomes a hurricane.

We haven't experienced anything similar to that so far with IOM. The rise has been exceptional only because the stock is coming off a low-price base, which amplifies the magnitude of the increase. As the price increases to better reflect reality, these percentage increases will diminish and give a better reflection of reality. It's the same with every low-priced stock in the early days of an uptrend. Each move appears exaggerated at first if measured in relation to the price of the stock. The only way to accurately determine if these price increases are excessive or not is to measure them against the price of the stock once it is valued according to its just valuation. I think we are many points short of IOM's just valuation.
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