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

To: Naggrachi who wrote (50491)3/17/1998 8:05:00 PM
From: Rational  Read Replies (2) | Respond to of 58324
 
The after-hour trade today was at $6 3/8, which was after the analysts' downgrades. These downgrades are unlikely to affect the stock price because the company itself announced the worst downgrade yesterday. We small investors are not determining the current low price; it is done in blocks of millions of shares. Thus, as I said yesterday, unless the company shows more skeletons in its closet, the price will remain steady and/or inch up to about $8 per share. JMO



To: Naggrachi who wrote (50491)3/17/1998 8:30:00 PM
From: Even1  Read Replies (1) | Respond to of 58324
 
Downgrades = Contrarian indicator???

Don't laugh, Fidelity put a buy on MU at 90+ , it was soon down to 25!

Robert(s?) Stephenson put a buy on VSNT at 9, it shot up temporarily and is now down 15%.

Hmmm, they tell you to buy, they unload at high prices,
they tell you to sell, they load up at bargain prices????

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