Dakota, you wrote of Herb Greenberg:
>>Remember, he's a reporter, not an analyst. (snip) If he was hearing bullish comments on IOM from a second source, I'm sure he would report them.<<
I beg to differ on a couple of points.
You are correct, he is a reporter. His job is not to analyze stocks, but to attract readers and comments, which then both he and his publisher can use to show his widely felt influence (sarcasm intended) and increase advertising revenues.
However, as for reporting bullish facts on Iomega, I wouldn't bet on it. As far back as I can recall, he has been down on IOMG/IOM. Where bulls might find positives in the most negative of comments, HG discovers IOM negatives in IOM's positive statements, IOM's not so positive statements, their missing statements, and other manufacturer's statements. This is anecdotal, and I am not about to do the research and find the material.
Another contributing factor may be that HG was embarrassed somewhat by Iomega a few years back, in that it did not fail abysmally as he had predicted.
Good luck in future endeavors.
D. |
