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

To: RetiredNow who wrote (45923)	1/27/1998 10:30:00 PM
From: Rocky Reid	Read Replies (2) \| Respond to of 58324

Well, I really didn't call the decline. I repeatedy said in this thread that I thought the IOM stock price would be mired in the $12 range for a long long time as the slowing growth rate caught up with the PE. Instead, what happened was the PE declined to the slowing growth rate in just one day. I was lucky enough to buy IOM a couple of weeks back at a price of $11.40. I made a target date and sold it the day of the after-trading crash at a price of $12.75. Literally 5 minutes after I sold, IOM began its rapid decline. What pisses me off, is that IOM was 13 1/4 or so the day before, and I refused to sell just to grab a bit more of a sucker rally. The sucker rally never really happened, and that should have been a sign right there that everything was not so rosy in Mr. Edward's Neigborhood. As for calling IOM stock price, I believe it will be back at $12-$13 by December. Good for a possible 50% profit inside a year. That should beat the S&P!