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: Robert Skinner who wrote (45954)	1/28/1998 3:32:00 AM
From: Robert Skinner	Respond to of 58324

Buy when everyone else is selling ... Sell when everyone else is buying.. Works for me : ).. Don't buy untell you see blood on the street. Yikes is that another body bouncing off the pavement? This is a frist for me... I have never went into a stock ready to adverage down. But this time i'm planning it. Ill be buying more tomorrow if IOM hits my next strike price of 8. The only thing really bothering me about buying IOM is right now is i like large cap stocks. But dam this stock at 16 split adjusted looks so good. Talking about splits.. I wonder if one of the reasons KE has split it so much has anything to do with investing/trading being a national pastime. You know if people own the stock they are more inclined to buy a Iomega product, And more people may be willing to buy a cheeper stock than a expensive stock. I Just wonder if a cheeper stock price will help sell Zips? Look out another body jumping. Time to buy more cheep. Best to all Bob

To: Robert Skinner who wrote (45954)	1/28/1998 6:28:00 AM
From: Mel Boreham	Read Replies (1) \| Respond to of 58324

Bob, I want to appologize for speculating that you might be Dr. Iomega in disguise... No way! It was just a coincidence that you left the thread just about the time that the good Dr. I showed up here. I think you are right about picking up some stock at these prices and putting them away for a while. Who knows when we will hit bottom, but anything could happen, especially with the outcome of the Nomai law suit and possible further delays in Jaz 2, Buz, and the Clik! products. One thing that I did was to convert my IRAs to Roth IRAs this week... just happened to do it when the price of IOM was down, but if IOM continues to do well as a company, this could be a nice nestegg in a few years. Any you can do some trading within the account should the stock make a run from time to time without any tax consequences. And after 5 years, the Roth IRA will provide tax free income potential (after age 59 1/2). Just a thought. Good to have you back on the thread... When are you heading back to Tahiti or other good scuba locations? Mel PS. A shareholder lawsuit at this point is baseless and will only damage those of us who are long term holders of the stock. I have been party of several class actions in the past... signed all the papers and sent them in... My return... Absolutely Zero! Nothing! ZIP! I totally agree with others who posted here, the only winners are the lawyers... the litigants get only crumbs, if that! New T-Shirt for Gary's List I sued IOMEGA and didn't get S**t, but you ought to see my attorney's new BMW!