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Non-Tech : Iomega Humor -- Ignore unavailable to you. Want to Upgrade?

To: Teddy who wrote (61)	12/22/1997 12:52:00 AM
From: steve goff	Respond to of 72

From syqt thread: Message 3018157

To: Teddy who wrote (61)	12/23/1997 2:33:00 PM
From: Teddy	Respond to of 72

Investing 101 with Rocky: Message 3031694 From: +Rocky Reid Tuesday, Dec 23 1997 2:10PM EST Reply # of 41404 ...There are just too many Big players who are in love with AOL. It's almost a rigged game at this point. It cannot go down much, regardless of what happens. It has never scored a profit, so there is little worry about not meeting numbers. Wall Street is in love with AOL, and its possible dominance over the computer-connected future. It would take Q after Q of disappointing numbers, and Q to Q proof of subscriber droppoffs for AOL to go down appreciably. Institutions hang onto AOL stock. Look, even during this latest tech meltdown, AOL hung in there tough and strong. Now, it is set to march upward as the market turns upward. And if that isn't the best investment advice that you have ever heard, here is why he bought IOM: Message 3031356 From: +Rocky Reid Tuesday, Dec 23 1997 1:32PM EST Reply # of 41404 >>Rocky..if you dont mind,and if you hav'nt went over this before i'm very curios why you went long.<< The only reason is that it is a good short term play. I bought on that most recent dip into $22-land. I was able to snag it at $22 13/16 (pre-split, duh). I intend to sell it at $16 (post-split). This play is based on short term TA, and nothing more. But I fully expect Iomega to suffer this coming year, and so does Wall Street. This meaningless stock split does nothing but further Wall Street's image of IOM as nothing more than a noisy, unbearable child of a stock. It is not taken seriously, as evident by its lack of Institutional support. It has well earned the recognition as nothing more than an Internet hype stock meant to draw in Newbie sucker investors. (present company excepted). Personally, I can't wait to dump this dog when it hits my sell price, because IOM is sure to diappoint those who wish for it to break higher. It won't. Too much fear about the future (Sony, SparQ, 4.7 Gig Quest, Jaz2's delay failings, etc.) It just makes me too nervous knowing that I am hanging onto a stock which at any moment can lose half of its value at any sign of bad news, such as not meeting 4th Q expected numbers.