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Non-Tech : Iomega Thread without Iomega

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To: sheila rothstein who wrote (3420)	11/6/1998 10:40:00 AM
From: Rocky Reid	Read Replies (2) of 10072

It's tempting to sell my $4 1/4 IOM buy right now for a 130% profit. But I have decided to stick to my original plan to bail 3 days prior to Comdex. My short at $5 3/8 is obviously not doing well, but I just shorted more at $9 3/4 to bring my short average way Up. After Comdex and in DEcember, IOM will start to fall rapidly, leaving a whole new fresh crop of Iomega Newbies holding the bag yet again. Reality will enter the picture once again as Earnings come back around. IOM's market cap is now above 2.6 Billion-- and this for a company with no earnings, decreasing revenues, and facing MORE and BETTER competition real soon. Reality is something that Iomega cannot escape forever. Didn't the Iomaniacs learn this last year? I guess not.

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