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Technology Stocks : Concurrent Computer (CCUR) -- Ignore unavailable to you. Want to Upgrade?


To: Sam who wrote (12035)12/19/1999 2:49:00 PM
From: Ed Newman  Read Replies (1) | Respond to of 21143
 
Just a little recap of
the Iomega action in 1995...
Iomega went from near five to 25 in about six weeks... maybe faster. Zoom. The last day the chart formed a tombstone, and there was huge profit taking down to nineteen. The price eventually settled at 15. A little churning took place, and the Motley Fool people came and took their position here. It was already too high to some people (still a penny loss per share in the second quarter) but the conference call was great and the price began to climb... The future was bright, and those who held on during the correction (from 25 to 15) eventually saw it go to 60, do a 3 for 1 split and climb to 60 again.

The point of this story... We have been in a much more orderly climb. The retracement from 18 to 15 is far less damaging and the number of funds and institutions taking us under their wing is growing.

People who got out of Iomega at 20 or 22 or "the high of 25" felt pretty pleased with themselves. Some, though, wish they had held for the long haul.

(end of story)

Long CCUR...
Thanks to all contributors to this board.
ed