Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Rocky Reid who wrote (39586)	12/12/1997 12:35:00 PM
From: KM	Respond to of 58324

Rocky: One more time, keep a stop on it. I think Brent is right when he says it's demise will be quick and brutal. Depending on where you're in, I'd also consider taking some profit. Not much of that out there on the long side these days.

To: Rocky Reid who wrote (39586)	12/12/1997 12:35:00 PM
From: Brent D. Beal	Read Replies (1) \| Respond to of 58324

Nothing personal, but since you've been elected the contrary indicator of the month by others here on the thread, I think it's safe to say that now is the time to: 1) Buy all the IOM you possibly can, and 2) Short the hell out of AOL. This goes against my gut feeling, however, which is that AOL is move higher, possibly into the low 90s, with the real possibility that AOL is announce a stock split and/or an acquisition (even they realize that unless they get out onto the web in a big way, they're dead meat--high speed access is coming around for the average consumer and will be widely available by mid-next year in most markets). A combination of these two factors could easily send AOL over $100. Of course, then there's AOL's quarterly brush with reality (earnings) and the CompuServe mess--please chant after me, "there are no economies of scale in computer networks, there are no economies of scale in computer networks"--so my prediction is that the shit hits the fan sometime around Feb.1. If AOL is in the 90s or higher by this date, then I may even sell some of IOM to short the thing. I admire anyone who has the balls to short the thing now--of course, the Rocky indicator suggests this is a good idea, so I'm anxious to find out whether I'm right or if the indicator holds. . .