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

To: Rocky Reid who wrote (41396)	12/23/1997 2:23:00 PM
From: Brent D. Beal	Read Replies (1) \| Respond to of 58324

*It cannot go down much, regardless of what happens* I'm putting this is my scrap book--I'll repost when AOL hits $30 a share. . .

To: Rocky Reid who wrote (41396)	12/23/1997 2:32:00 PM
From: Kunal Taravade	Respond to of 58324

That is a very valid point, RR. Once the street falls in love with a stock, it is hard for it to go down. Unless I am mistaken, I think the same situation occured wrt Netscape as soon as it went public, when the street saw it as a banner name in pure internet plays. These stocks trade at about the same (NSCP) or much higher (AOL) market cap than IOM. And of course, when you have no earnings, it is hard to disappoint unless revenue growth drops off significantly. The same could be said of a lot of internet stocks such as Amazon, At Home, and ofcourse, Yahoo. All these trade at market caps of > 1 billion and no earnings to date. But the street loves these internet brand names, and is willing to give them the benefit of doubt, which, unfortunately it does not seem to be giving IOM, at least not now. It is amazing that companies with great fundamentals and well established product lines such as Intel and Iomega have lost significant stock value in recent months while Yahoo has barely budged, holding up better than most Dow 30 stocks. PS: Wasn't it Jim Cramer who said never short on valuation? Regards, Kunal

To: Rocky Reid who wrote (41396)	12/23/1997 4:17:00 PM
From: FuzzFace	Respond to of 58324

Rocky, it looks like you may be making one of Cramer's 10 Wrong! moves for 1997. * 5. Believing that Telebras could go up forever. This summer we top-ticked Brazil Telecom for a trade and ended up losing about $500,000 in the blink of an eye. Had we not taken evasive action, or had we averaged down, we would have lost $5 million. What did we know? Virtually nothing other than the stock was hot and going up every day. Hey, those are great reasons to blow 500 g's. From: thestreet.com