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

To: kjude who wrote (35890)	11/15/1997 11:19:00 AM
From: Gary Wisdom	Read Replies (1) \| Respond to of 58324

Price, trading activity, and trend . . . To: All Stop focusing on the negatives, please . . . Positives: 1. The low for the past week was $27.50. With the exception of the crash week, this has risen for the past 6 weeks. Very positive. 2. Volume was very low this week: 13 MM. And, we were up $.50 for the week. Take away the 5 MM traded Thursday, and you have a very, very quiet week for the stock. 3. For the past 15 weeks, the range between the high and low for the week has exceeded $2. 9 of those weeks, the stock price was up. 4. The last 6 weeks Iomega has traded over 20 MM shares, the price has gone up. 5. Last year, we didn't see any price movement until a few weeks AFTER Comdex. Don't know what that means for this year, but wouldn't surprise me if the pattern continues. 6. This week's trading range of $2.38 is the SMALLEST in 7 weeks. That's ok. The stock is consolidating in the hands of those that want to own the stock. 7. When Iomega first hit $21 this year the w/o June 2, it took until the week of July 14 to hit $24, the week of August 25 to hit $25, and the week of October 13 to hit $30. That's less than 2 months to go up 20%. How can you complain about that? Like most of you, I would like to see Iomega go up $2 each and every week. But, it won't. Stop thinking the Street doesn't like it. It possesses a healthy multiple currently and will expand each quarter, as Iomega reports better and better results. We just need to be more patient (myself included). Now, back to my morning cup of coffee . . .