SI
SI
discoversearch

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: Brian Heath who wrote (39747)12/13/1997 4:55:00 PM
From: Jonathan S. Thompson  Read Replies (1) | Respond to of 58324
 
Brian, I doubt it. The split was announced early enough for it to have been taken into account, by now. There could be some fluctuation, though, simply because 7% of the people are always "out of the net". (Again, this is IMO, because external factors could put us all in the toilet.) I would see an immediate post-split drop as a buying opp, merely because the post-split stock will then be more affordable to the masses and the quarterly earnings will soon thereafter (IMO) fuel strong growth in price. After continuous, repeated strength, even naysayers will have to acknowledge that IOM is the bird-in-hand compared to all the vaporware competitors (wannabees). I believe they will pile-on after the split.
Regards, SapperJack



To: Brian Heath who wrote (39747)12/13/1997 9:44:00 PM
From: Mel Boreham  Read Replies (1) | Respond to of 58324
 
Brian, If you want to learn the basics of individual investing with little pain and much insight to the brokerage business... go to the Motley Fool site and read their 13 steps to investing series. You could also pick up their book, The Motley Fool Investment Guide. This is what turned me onto IOMEGA and looking at a companies basic fundamentals. They have a pretty much buy and hold approach, but they do discuss shorting stocks when they are appropriate for such. They have a real money portfolio that they discuss each day. It has pretty much kept up with the S & P 500 this year (a little bit behind as of today tho.) and they do put their money where their mouth is. I have found them to be a highly competent group and very serious in their attempts to educate and entertain the investing public.

Regarding salesmen, they are out to sell what they have and if they can use a little acting and deception to get the immediate sale... that's just part of the game. Look at it as a game and it helps you to keep loose and not take what they say too seriously. Its not that they are lying to you, just using a little sales technique to sway your decision. I'm not sure why he was so dogmatic about the Sony drive being the Zip killer, but whatever he said had its effect on you. Regarding OEMs, the first OEM will be Sony themselves with the Vavio consumer line of PCs. They are quite a nice system now, especially with their built in video graphics, TV tuner and built in Zip Drive! Yes, if you go to Best Buy, Circuit City, or Computer City you will likely find several Sony computers with built-in Zips.

It will be an interesting year! Get your feet wet and put in a buy order for IOM sometime next week. You don't have to commit all your funds, in fact you might buy in increments over a several day period. It seem that there are many days that IOM sells off a bit in the latter part of the trading day, so you might want to use this pattern to place your buys to get a possibly lower price than buying at the open or around mid-day. Your enjoyment will increase dramatically when you have a true "invested " interest in IOM. Good Luck in your investments! Mel