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

To: Les White who wrote (50387)	3/17/1998 9:59:00 AM
From: Jock Hutchinson	Read Replies (1) \| Respond to of 58324

To paraphrase the '92 Clinton campaign. "It's the management stupid"--not the products. Management is either dumb or dirty in ways that management of a major corporation should not be. As such they have limited the possibilities for increasing shareholder value. Dead cat bounce? You bet. Dead cat bounces often occur in situations such as this. Why? Because the day of an announcement such as yesterday, the specialist has obviously taken a loss on the shares he/she holds. And the specialist is responsible for providing a bottom, which would mean further losses if the stock were to slip more the next day. So the specialist does her best to hold the stock down just slightly and then distributes the stock over the next few days. With uncertain forward looking announcements such as yesterday, this is a good percentage play. However within seven trading day, absent intervening news, IOM will slip from its dead cat bounce. Thus, the play is long from yesterday and then short in a few days.