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

To: KM who wrote (39440)	12/11/1997 4:14:00 PM
From: Ken Pomaranski	Read Replies (1) \| Respond to of 58324

OT: DISK DRIVE STOCKS disk drive stocks are cyclical, just like any other commodity (oil, steel, etc...). Any commodity follows the same cycle: when the commodity price is high, everybody 'wants a piece' and gets into the business. This, in turn, drives up supply, driving the price of the commodity down. Companies have writeoffs, some go out of business, then you start back at A: (like a 'for loop') A. commodity is in demand, price rises B. everybody jumps in C. glut results D. commodity price falls E. suppliers go out of business F. Supply drops, go back to A. you MUST SHORT when the companies post great earnings and you MUST BUY when the stocks post bad earnings. the time to short these stocks is NOT NOW! you will lose your behind for sure. Most investors here believe that all stocks are growth stocks. This is absolutely not true. kp