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Non-Tech : Iomega Thread without Iomega

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To: sheila rothstein who wrote (7984)	3/5/1999 10:52:00 PM
From: Rocky Reid	Read Replies (1) of 10072

IOM Volume IOM barely managed 1.6 Million shares today. The volume is dropping. The price is dropping. This pattern should be very familiar to Iomaniacs. It happened last Summer/Fall. But what is the difference between then and now? There are no Comdex or 4th Q Earnings expectations to bail out Iomega this time. With no regularly scheduled upcoming Hype-event to bail them out, IOM is free to fall to levels that will make even the most die-hard Iomaniac Bulls questions their "investment." Expect shares traded to steadily average down to 1 Million then to around 750,000 or 800,000/day later in the Summer. Also, expect 1st Q Earnings to be disappointing due to lackluster Zip disk sales. So much for the "Razor Blade" model. Totally ridiculous. Anyone who bought THAT one (and tried to pawn it off to try and sucker in other investors to IOM) almost deserves the upcoming price in the $2's.

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