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Non-Tech : Any info about Iomega (IOM)?
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To: Michael Coley who wrote (17884)3/11/1997 1:37:00 PM
From: John Smith   of 58324
 
>John,

>> Do you know what WINDOW DRESSING is?

Sure. That's the deceptive practice where a mutual fund manager adjusts his positions in the last few days of a quarter, making his portfolio look better than it really is when he turns in its quarterly reporting.

What does that have to do with Insider Buying at Iomega, though?

- Michael Coley<

This little bit of insider buying is nothing more than window dressing. These people are not the average working stiffs. They, very likely, are worth quite a bit of money and $10-20,000 is a drop in the bucket for them. Insiders have sold hundreds of thousands of shares in recent months. These buys are insignificant and are designed to keep KE's herd in tact.

Continue to explain away literally millions of dollars of insider selling and find comfort in $10,000 woth of buying. Heck, I would bet a lot of the Iomegans have more shares than that.
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