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


To: Paul W who wrote (41697)12/29/1997 7:20:00 PM
From: Rocky Reid  Read Replies (2) | Respond to of 58324
 
>>Why did you buy this stock?<<

Good question. I guess that I am hoping for a pre-earnings run-up to my sell price of $16. We'll see if it can muster up that kind of interest.

I have been thinking of bailing soon, as this stock split was a horrible decision--Probably one of the worst investor relations mistakes in recent memory. If IOM fails to start moving in anticipation of earnings, I'm out to greener pastures real soon. Regardless, I am selling at some point in January when either my price is hit, or I feel that interest in this speculative buy has topped out.