Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: E. Graphs who wrote (43523)	1/15/1998 12:33:00 PM
From: Rocky Reid	Read Replies (4) \| Respond to of 58324

IOM is dead. Look at that volume. There is no interest in this stock whatsoever. On the other hand, look at AOL. What a powerhouse-- Up again near it's all-time high. That baby has been testing this 92-93 level for a couple of weeks now, and it will probably break through soon. No profits, losing subscribers, but stock price still appreciating. If I were short like Truff, I would get the hell out of Dodge in that one ASAP. Don't fight a stock that Wall Street loves. As for INTC, it is a buy. They warned yesterday that earnings could be flat next Q. This means that bad news is already factored into its present price. The doom and gloom scenario written on this thread yesterday about INTC falling to 35 is a bit far-fetched. If/when Intel turns in better numbers than expected (as they are prone to do) next Q, the price will run. Its present PE is 19-20. It had been trading at a PE of around 27 for most of last year. INTC share price is right where I bought it a couple of days ago, but I am disappointed that it didn't rise with the good numbers in the shortest term. This should serve as a warning nell for Iomaniacs. Good numbers don't mean squat in this market. IOM could turn in $1 a share next Thurday, and the price would go down 1/2 point on volume of 500,000. Simply put, Wall Street hates IOM. And Wall Street is in a bear mode right now. IOM stock will sit and do nothing for a long time while its presently hot selling Zip gets more and more obsolete. When revenues start to decline next year, watch out. IOM will be doomed in a Wall Street Bear Hug.