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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?


To: sheila rothstein who wrote (33420)10/26/1997 8:11:00 PM
From: KM  Read Replies (2) | Respond to of 58324
 
Well, we'er already off to another cruddy start:

cme.com

Nikkei off 308. I'm waiting to see how the HK market opens. I'd say the futures folks are betting on a further downturn.



To: sheila rothstein who wrote (33420)10/26/1997 8:19:00 PM
From: Gary Wisdom  Respond to of 58324
 
$32 price point

Sheila,

You missed one important word in my post. I said "$32 tomorrow".

If it hits $32 tomorrow, then I'll look out my windows for pigs flying or I'll look to see SYQT @ $6/share.

No, I am not ready to bail. However, I will repeat that although I am 100% confident in Iomega, I am worried about the market. I seriously think it will test 7600 this week (probably tomorrow or Tuesday). It will be very important to bounce off that significant level.

I was in Price Club yesterday. You know, the most amazing thing about Iomega is that its products are not cheap compared to the competition and the stuff still flies off the shelves.

It kindof reminds me of many other consumer franchises that are relatively expensive yet still DOMINATE the market.

No, I will not bail yet. Pray for the general market this week. It will need it.