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


To: KM who wrote (44876)1/23/1998 10:37:00 AM
From: John Lacelle  Read Replies (1) | Respond to of 58324
 
Trufflette,

What is up with this stock? Are you short? I know you were going
bear on us a few days back.........................

Where is the bottom? I was going buy some calls but at this price
I might as well pick up the shares...

-John



To: KM who wrote (44876)1/23/1998 2:59:00 PM
From: Rocky Reid  Read Replies (2) | Respond to of 58324
 
Truff, I guess tonight you can break out the booze.

I am holding off of buying more at this level. The money rushing in is undoubtedly individuals picking up the last of the big Institutional see ya' later. After this short term carnage, the buyers and sellers will slack off and volume will go way down once again. The price could meander for weeks in the $6-$8 range.

The analysts and KE can hem and haw all they want about Asia, delayed shipments, spending $100MM on ads, whatever. What it really boils down to is the disappointing American Sales, and it is this figure that crushed the share price. KE was not being straightforward in my opinion when he blamed Asia for the shortfall. Why else would they spend the $100MM if it wasn't the biggest problem? 4th Q American sales growth displayed a real concern that they have peaked in this last Q (the busiest of the year), and may even show signs of revenue decline from here on. This is what concerns The Street the most.



To: KM who wrote (44876)1/24/1998 12:02:00 AM
From: Michael Coley  Respond to of 58324
 
Truff,

>> I got 20K a little higher than you. Looking for 1 to 1.5 points. <<

Still holding into the weekend?

Any take on the high volume and tight trading range today?

- Michael Coley
- wwol.com



To: KM who wrote (44876)2/2/1998 4:39:00 PM
From: Michael Coley  Read Replies (3) | Respond to of 58324
 
RE: Are you still holding?

Truff,

A little over a week ago, when IOM was just under $9, you said:

>> Willie: I got 20K a little higher than you. Looking for 1 to 1.5 points. <<

You're close to your target now. Are you still holding and watching? Any sell signal yet?

I really would have liked to see us get through that resistance at $ 9 3/4 today. We must have hit it at least a dozen times and fell back. It looks to me like someone is unloading at that price. I started to place an order to sell 1/4 of my position several times today, but talked myself out of it each time.

What do you think?

- Michael Coley
- wwol.com