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

To: s. bateh who wrote (45181)	1/23/1998 10:39:00 PM
From: IGL	Respond to of 58324

<<Steve: I belive they are institutional and that is why I believe we have seen the bottom and will only go up from here....>> Did WS overreacted? Sure it did. Is it fare? Of course not. Did IOM find the bottom just becuse 47MM shares were traded? Not at all. Look at the ORCL. Not that long ago over 190MM!!!!! shares were traded after the earnings. Did it move the stock on that day? No, it did not. ORCL dropped from $33 to $23, about 30% drop. Where is the stock now 1.5 month later? It's at $19 - another 15% drop. At least I've learned that NOTHING is certain on Wall Street. OK, now the good news. Will ORCL recover? Sure it will. Will IOM recover???? Of course it will. Will stock be traded at $100? Probably not. Will it be traded at $20? Of course it will. When? When you expect it at least. If you got out of your positon before the closing, good for you, if not, you just have to take a break and wait. That is what probably upsets most of the people on this thread. Have a great weekend everybody. I expect very interesting day on Monday. igl.