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


To: Kevin Linder who wrote (50447)3/17/1998 3:11:00 PM
From: slipnsip  Read Replies (1) | Respond to of 58324
 
IOM should still be suffering from margin calls. This should last the next couple of days.... If we ever do get to under 5 and most margin is called in, at least we won't have to worry about wild overextended individual investors. :)

Do you think IOM attorney is happy with her recent 20M share purchase :)



To: Kevin Linder who wrote (50447)3/17/1998 3:30:00 PM
From: Rocky Reid  Read Replies (1) | Respond to of 58324
 
I couldn't help myself.

Shorted at $7 1/4.

We'll see if I'm right. My travels to other IOM boards across the net have revealed that Bears are already doing IOM math just like myself.-- some even calling for a $3 stock price. While I don't think this dip will be as bad as that, it should nonetheless serve as a warning. The realization of the projected loss factored into the stock price is just beginning. If individuals are doing the math and coming up with realistic prices under $5, you can bet Institutions are as well. And it will drive the price down.