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Non-Tech : The New Iomega '2000' Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: David S. who wrote (954)6/22/1999 6:19:00 PM
From: Pacing The Cage  Respond to of 5023
 
Shares of Iomega (IOM: news, msgs), a data storage device maker, surged 5/8, or 15 percent, to 4 3/4, after plunging late last week on an earnings warning..

Daniel Kunstler, senior equity analyst at J.P. Morgan, said Iomega is just bottoming out. "They've taken a charge, you've got the bad news out for the quarter (See related story.), and I think that's pretty much all there is to it. It's very inexpensive and somebody's probably just interested in this down at these levels."

cbs.marketwatch.com

** Emphasis Mine **



To: David S. who wrote (954)6/22/1999 11:25:00 PM
From: Naggrachi  Read Replies (1) | Respond to of 5023
 
<<Now I really feel dumb, not picking up more at 4 bucks. >>

Don't feel dumb, if Dickhead was doing his job like a good paid employee would, we would've reached $2.50 by now (BTW, for the record, I doubt cRocky has EVER had an influence on IOM's equity price.)

Now to how I feel. On Friday, after work I came here and read all the posts, except for you know who, I just hit next. Anyways, I felt dumber than sh*t for not selling, even at $3+. I asked myself, what will it take for me to pick up the phone and place a sell order on IOM? Especially when all the longs on this board have exited graciously even though they did at a loss.

Although todays move was a relief, I don't think we're outta of the woods just yet. For all I know, this could be 'suckers' rally that will subside the further we go after expo is over.

IOM is a funny stock, it burns the longs (i.e., me) and the shorts (i.e., Trufflette.) It's amusing how many people/funds have been burned trying to time/invest in this stock.

Just sharing some thought with the regulars on this board.

Zead