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

To: KM who wrote (40687)	12/19/1997 7:37:00 AM
From: Ben Antanaitis	Read Replies (4) \| Respond to of 58324

Well, here we all are, facing another day in IOMegaland. But this is also the last day of an era, of sorts. Today is the last day with the current number of outstanding shares. Monday will bring new prices and slightly different dynamics. With the increased number, each of us has a 100% increase in the 'leverage' potential, both up and down, on a dollar for dollar basis with regard to the price of IOM. The shorts will find themselves edged into dangerous territory, and that's all right with me. But what of today? Well Debra and Stewart and Susie and Kevin are reading out the Globex S&P futures with a gleam in their eyes. Looks like the DOW is going to tank early on, it is triple witching day and woe unto us all NIKE is going to have problems selling sneakers to the Asians.... duh! So, IOM may be swept up along with the rest of the NYSE... after all, it makes sense doesn't it, IOM is a disk drive maker and we all know that group is dead. Everyone has a disk drive and no more are required... ever. So I will not be surprised to see the 23 mark tested and perhaps 22.5... I would like to be surprised, and see 25 or 28 32, but Santa isn't coming to this Dec options holder's house, not with IOM anyway. So where does this leave IOM? This is just a theory, comment is welcome, but I think we are caught within the influence of several forces and none of us is in a position to affect them. One force is the fact that the mo-mo (momentum) players have left IOM for other fish to fry right now. Comdex is over, the earnings are a month away, perhaps today's call will catch some ears, but IOM is languishing in a news draught, indeed the French court finding and the Jaz2 delay were the 'low lights' of the week. Another factor is that some investors are now uncomfortable with how IOM demand can be predicted going into next year. Yes they have a large base, now. But those folks will only be purchasing additional media, and if things are tight in the economy, will those users erase and reuse media rather than archive and buy new? The PC box makers are going to install ZIP/JAZ etc into more and more units, but if the demand for new PCs is in doubt and cannot be projected, what can the investors/analysts use to project the real demand going forward this next year? So, when in doubt, throw it out. Then there are the folk who are driving the price down to pick up shares on the cheap to resell when they upgrade and tout IOM next month. Well, I am still going to hold, wait out the next several days, weeks and see what develops. Dumb, perhaps, but I've gotten to this point before and whenever I have been this depressed and 'pull the plug', I've always proved the adage that says when the little guy gets scared out of his position, that's just when it turns around. All the bearish pain here may just be the bullish indicator we need........ Enough already, sorry for the rambling, Ben A.

To: KM who wrote (40687)	12/19/1997 8:48:00 AM
From: Cogito	Respond to of 58324

>>Funny, as always, the time to sell was when everybody (including me) was wildly bullish, positive articles, newsletter jockeys, etc. With the amount of experience I have, you'd think I'd know better.<< Trufflette- It's always easier to see clearly in the rear view mirror. But if you apply this logic to the situation today, you would have to conclude that now is the time to buy. I don't believe I have seen more bearishness than this at any point in the last year and a half on this thread, even when the stock was around 13. There were so many "lurker bears" posting last night that for a minute I wondered if I had somehow gotten off into another thread. Not that that's a bad thing. I'm glad to have the bears posting. If you can show me any real evidence that Iomega's fundamentals are different today from last week, I'll join you in selling. There's no question that I would love to have called the drop from 33, sold near the top, and now be ready to buy back in. But since I've taken the quick ride down, I might as well stay on board for the slow ride up. - Allen

To: KM who wrote (40687)	12/19/1997 9:43:00 AM
From: Frank Drumond	Read Replies (1) \| Respond to of 58324

>We break 23 for more than 30 minutes and I'm gone< Truff, just remember last month. Same thing happened. Time to double down..