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Non-Tech : Iomega Thread without Iomega
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To: Cogito who wrote (7953)3/5/1999 12:47:00 AM
From: Senthil Sankarappan  Read Replies (3) of 10072
 
Allen, what matters at the end of the day is the stock price. I totally agree with many of your reasons but reasons don't buy us anything. Besides, there are bigger players making/creating reasons at WallSt and you and me are not the ones all that powerful. I am really shocked to even see so many people here still believe that IOM's stock is artificially manipulated and shorts will soon start to cover etc etc while the reality is that WallSt does not trust this stock and the institutional holding is only in single digits. Though i lost good amount of money in paper with IOM, i have learned (am learning) a valuable lesson here about why some stocks like MSFT are given such high P/E and stocks like IOM are treated like shit. I think market tells you clearly which is a quality stock and which is a garbage stock. Stock price is just like the grade sheet. I still think Rocky has done an excellent job in IOM's stock prediction than anyone here.
Lot of us hate to admit that but i think he deserves credit/respect in that. Hey, i think anyone can be a genius by being an IOM bear and the smartest one might look dumb for the sin of being long in this stock.

I am not saying things can't change. I will be more than happy if IOM lucks out and suddenly people start using Zips like real razor blades but hope and reality always don't go together :-<

-senthil
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