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

To: BBG who wrote (52672)	4/16/1998 3:47:00 PM
From: BBG	Read Replies (1) \| Respond to of 58324

I just shorted 700 IOM at 7 7/16... GULP.... JD

To: BBG who wrote (52672)	4/16/1998 3:47:00 PM
From: RetiredNow	Read Replies (1) \| Respond to of 58324

To All: I firmly believe that tonight IOM will announce dismal losses (around -$.08 to -$.10 per share) as they try to clean up a little. I also believe we will see a decline in sequential revenues, a large increase in inventory, lower sequential cash flows from operations, and a rosy outlook from management. From a fundamental perspective this stock looks dismal. I am out of the money on my $7 1/8 short, but I am betting that I can close with a profit either tomorrow or sometime next week when this stock sinks below $6. However, even though that's what I hope will happen, you just never know in this market. Both INTC and CPQ reported crappy earnings (albeit in line with expectations) and they both surged in afterhours trading. Reason tells me that tomorrow we may actually see a rise in IOM as fools and hopefuls try to put a positive spin on anything IOM's management has to say. Even so, if there is no truth in the Dell buyout rumor, you can mark my words: inevitably, this stock will sink next week.

To: BBG who wrote (52672)	4/16/1998 3:52:00 PM
From: Dale Stempson	Respond to of 58324

Re: >>> If I put in a limit order for IOM to buy 1000 sh.s if the price goes to $8... What happens if earnings and CC are better than expected and the price goes to $10 in after hours trading (AFT)... Will my broker (Etrade) be able to buy the shares in AFT or will my limit order be voided because the price was surpassed in AFT? <<< Orders will be executed during normal trading hours. Limits and stops caught between gaps can be unfortunate for the average investor. It works both ways however: a sell order at $8 would get you more than you expected when the market opened in the morning. Regards - Dale