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


To: Richard Smith who wrote (37781)11/29/1997 1:41:00 PM
From: Gary Wisdom  Read Replies (2) | Respond to of 58324
 
Effects of last Barron's article on Sept. 21

Sept. 19 Close: $28.625
Sept. 22 Close: $26.9375 Down $1.6875
Sept. 23 Close: $27.4375 Up $ .50
Sept. 24 Close: $26.625 Down $ .8125
Sept. 25 Close: $26.0625 Down $ .5625

It didn't reach the level of the close on Sept. 19 until October 23.

I can't imagine that Barron's will have no effect on the stock. We will see Monday. It'll be the battle of 1) the momentum players on the up side 2) the Short Sellers on the down side 3) the institutions letting it fall so they can buy it cheaper (which they've been doing all along).

My guess: we'll see some downside. IMO, as others have said here, that ain't too bad if your boat still has some room in it.