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Non-Tech : Iomega Thread without Iomega
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To: s. bateh who wrote (8816)4/8/1999 11:05:00 AM
From: Rocky Reid   of 10072
 
IOM $4 7/8

My recent buy of IOM hasn't exactly set the world on fire, but I'm glad my JBOH (which I bought yesterday) is showing signs of life today (up about 30% right now) . It appears to be joining in the frenzy that AMTD and EGRP have been enjoying for some time now.

I expect IOM to get a mild bump as Earnings Day daws near, although this bump may be a very weak one. My current plan is to perhaps hold out and gamble that Iomega announces one or two OEM deals for Flop! are finally shipping, and an MR Jaz replacement is being released. These announcements will likely draw in plenty of suckers (as these kinds of announcements always seem to do) and give the stock price a push, perhaps even into the low $7's.

However, an earnings warning for 2nd Q 99 could temper any Sucker Rally. What to do, what to do. One thing's for sure, I'm dumping IOM before this month is out. This dog is headed much lower this Summer. IOM will revisit the slums of $2-$3 land.
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