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


To: s. bateh who wrote (50318)3/16/1998 10:37:00 PM
From: Rocky Reid  Respond to of 58324
 
To those considering buying IOM-- IOM present PE = 17

It still has room to fall. Don't throw even more good money after bad. Remember, WDC had a PE of 7 recently.

Today, IOM broke important support at $7 1/8 on heavy volume. look for more downward pressure as the margin calls go out, and the shorts pile on.