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Non-Tech : Iomega Thread without Iomega
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To: StockMarketMaven who wrote (7394)2/17/1999 8:11:00 PM
From: Bob B.   of 10072
 
Really liked the Montauk analysis, particularly the next-to-last paragraph analyzing why IOM's price is so low.

I agree with them that this Glore-induced lull makes for a great buying opportunity. Over the past few days, freeing up all I can, I've increased my long position from 31,000 to 36,500 shares. I thought we hit bottom at 7 a couple of weeks ago, but have celebrated being wrong by getting more in the 6's.

I'd anticipated this lull in the predictions I'd posted in the Yahoo board last November (though for the wrong reason - I thought the 4Q98 earnings might come in at .03 or .04). I stand by my 10/99 share price prediction of $30-35. Sales will be so strong this quarter, and so phenomenally strong for the following two quarters, that it will become impossible to "grossly underestimate" IOM's potential.
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