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


To: Francis Muir who wrote (37085)11/23/1997 3:06:00 PM
From: Wdiamond  Respond to of 58324
 
FIDOUGH

I agree the results of a court case could result in either $ 17 or 37. For you looking to buy in lower, here is a little bearishness for you. Todays Best Buy shows the LS120 available for $99.99 AFTER $ 50 rebate. It is difficult, though, to stop a locomotive that is ZIPing along with 11MM in unit sales IMHO.



To: Francis Muir who wrote (37085)11/23/1997 3:10:00 PM
From: Markas  Read Replies (1) | Respond to of 58324
 
Thanks Darrell, as always.
If Darrell's post did nothing else but get the bulls with blinders on to pause and think for a moment, it was as beneficial to them as any of his other posts.
I'm as certain as I can be that IOM will be significantly higher in 3-6 months, however, Comdex is over, split already announced, BIG announcement past with no positive impact for at least 3 qtrs(Clik), Buz delayed, earnings a few months out, and no future news expected other than the ad campaign and mil. announcements. I'm not saying I expect a severe correction, BUT, would anyone here be terribly shocked and surprised if we saw 27-28 again. I wil not be. I will be buying.
For the record, I still own all my "core" shares, but dumped my calls when we hit 31 the first time. I plan to be long Feb & May calls, before the split, on any pullbacks. Good trading to all. May y'all avoid irrational exuberance.
Markas