Hi Allen,
I've been out of Iomega since the horrific crash in January. I hated this company and the management for their terrible decision making. Well, at this point in time it seems that the new management has done some great things and the chart reflects this. I've been accumulating the stock for the past 2 weeks and am actually excited about the prospects going forward. Kind of like Feb. 1996. Many people think I'm crazy to get back in this stock, but several things look good.
I've been away from the thread and IOM news for awhile, so correct me if any of this is wrong. Syquest--Gone, Nomai--Bought Out, Lawsuits--Being settled, Multi-million $ Ad campaign--Dissolved, Sony HiFD--ZIP 250, Insider Selling--Insider Buying, Clik--Actually Shipping, and most important, technically, the 50 day moving average has just crossed over the 200 day moving average--very bullish!!!
Regards,
Dave |
