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

To: ISOMAN who wrote (3002)	10/1/1999 12:12:00 AM
From: Gottfried	Respond to of 5023

isoman, the phrase "do you truly believe" has no meaning to the person[s] to whom you directed your post. Gottfried

To: ISOMAN who wrote (3002)	10/1/1999 12:42:00 AM
From: Rocky Reid	Read Replies (3) \| Respond to of 5023

>>Do you truly believe that IOM at $3 (now $3.3125) is overvalued, fairly valued, or undervalued? << IOM is overvalued right now. Time will prove my point as it has all year long now. However, Speculation will drive IOM's price up for the Short Term, much in the same way Bre-X stock was driven up. Even Garbage Stocks like IOM, SYQT, and Bre-X get their day in the Sun. IOM's price rises are very cyclical. And the smart ones can take advantage of this. Just don't hold on too long and get greedy for one more 1/4 point. You can find yourself in the hole real quick. One must never confuse Speculation with Real Value. And IOM's Real Value is shrinking monthly. As of right now, I would value IOM in its entirety as fairly valued at about $1.85 per share, or a $500 Million Market Cap. However, this valuation will shrink as Zip continues to lose Revenues and the war against CD-RW, as 40MB Bomb! continues to drain $$$ resources, and as Jaz disappears off the face of the Earth. My target for IOM this Fall/Winter is $6.50, then I'm out. It might go higher. On the other hand, it might not even hit my target. But one thing's for sure- IOM will once again tank after January (if not sooner) and begin its descent downwards all over again like some bad deja-vu dream. And I will be Short all over IOM's buttocks.