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Non-Tech : Iomega Thread without Iomega
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To: Cogito who wrote (7953)3/5/1999 7:27:00 AM
From: Rocky Reid  Read Replies (2) of 10072
 
>>It is true, however, that the overall trend for this stock has been down for the past couple of years. Of course, there have been some periods of upward movement, like, say, from the beginning of March to the end of November of '97, when IOM went from around 15 to a high of 33. But that never stopped Rocky. He was predicting doom that whole time.<<

Thank you for the compliment. You see, I am long-term Bearish on IOM. I have thought that their business premise has sucked for a long time. I have not bought for an instant that Zip would replace anything in a computer. I was correct. And it hasn't replaced ANYTHING in computers in all its 4 years. My observations about Iomega have been proven correct. On the other hand, the wild and rampant IOM Bull-mania postings here have been proven by time and the market to be utter worthless bilge.

BTW, I do not pretend to be able to call short-term price blips of 2-3 months upward movement with 100% accuracy. I do however note that price rises generally occur just before earnings. But long-term, my accuracy about IOM is unquestionable.

Are you long-term on IOM? I am. Long-Term Bear. This company will be need to dilute their shares and/or borrow large amounts of money to stay in business within 5 years. Iomega will have to file for bankruptcy within 8.

Who is right on IOM long term? The Bulls?

Don't make me laugh.
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