Any info about Iomega (IOM)? Message Board

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Non-Tech : Any info about Iomega (IOM)?

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To: John Smith who wrote (17887)	3/11/1997 5:10:00 PM
From: Cogito	of 58324

>>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.<< John - This really doesn't make a lot of sense to me. The very fact that these purchases are insignificant, relative to the sales, makes it difficult for me to believe that they are an attempt at manipulation by KE. Surely if he wanted to inject confidence in his "herd" he could come up with a few more bucks than that. It's an absurd conjecture. I keep hearing how the bulls are buying into a "story" and not looking at reality. Some say that too many people put a positive spin on every news story about Iomega. Surely this is an example of really stretching to put on a negative spin. - Allen

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