To: Linda Pearson who wrote (45599 ) 1/26/1998 12:13:00 AM From: Teddy Read Replies (3) | Respond to of 58324
"Overheard on the Street" Monday, Jan 26, the IOM specialist and her little helper were having coffee before the open, while trying to decide how much IOM should be worth today. "So, Friday was pretty interesting. What gave you the idea to mark the shares down 30% after they reported record earnings?" "Yeah, that was a good one. Can you believe we made 1/16 on 47 million shares! That's $2,937,500 in one day." "We earned every penny. Some of those blocks were really heavy." "So, what's the plan for today?" "Funny you should ask. I saw something on TV about Iomega the other day..." "Iomega? Who is that?" "Iomega is the company who's share we trade in, you know, IOM." "Oh, That Iomega. Silly me, I forgot. Uh, what does that company do anyway?" "Excuse me Mam, but I think that, since you are the specialist, you should know at least a little about the company. OK, let me tell you what I know about it: Iomega is in the air freight transport industry. They own the Condor. It is the largest plane in Roy." "Uh, I knew that. So, you say you have news on them?" "Yeah, I was watching TV, and, uh, well, I'm not sure, but I think the CEO of the company, I god/man named K.E., was abducted by aliens in the Bermuda Triangle." "Hey, you haven't been reading that Internet hype stuff again, have you?" "No, there were too many post, so I just skipped over them and read Baron's." "Good, last time you listened to that Internet chat you talked me into raising the price all the way to $33." "This is not hype, I saw it on CNN. It seems that before he disappeared, they stored his "stuff" on a floppy disk. Sort of an electronic sperm bank" "So IOM is a biotech company too?" "I guess so. From what I can figure out, they make some thing that Zips stuff." "Sounds like a pretty divers company. How come we sell it for $9?" "Well, they have a lot of products, but they are all going to be release in Q2 or Q3. The only thing they sell now has been made obsolete by something that Sony might release in sometime 1998." "You've got me confused. What exactly does IOM do?" "Well, I'm not too sure either, but their stock sure is volatile." "Speaking of volatile, the market opens in two minuets, do you have a price in mind?" "No, not yet. Let's go have a smoke. We can open late." "Cool, a delayed open. .....Oh, also I heard, remember that kid Teddy? well he was on TV too. Seems he has to go to Military School as punishment for losing so much money in the market."