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

To: Gary Wisdom who wrote (53368)	4/22/1998 2:24:00 AM
From: Ken Pomaranski	Respond to of 58324

<< I'll take a 33% gain in a week any day. Unfortunately, I did not buy any at $6 5/16 as I am not smart enough to do that. >> Me neither. I figured the party was over. Then the reversal occured on low volume. This mystified me also. But now the gap is filled between 7 and 8 1/2. The gap created by the pre-earnings announcement. I think anyone who watches the trading carefully will learn a lot over the next couple of weeks. (this is what I plan to do.) << Iomega did not go up today due to association with Internet or other "mania" stocks. It went up due to a few large funds buying the shit out of it. >> hmmm. interesting take. But Iomega now shares the same advantage as many of the internet stocks: no earnings, and therefore low expectations. It becomes difficult to miss earnings when none are expected! Good luck to all! kp

To: Gary Wisdom who wrote (53368)	4/22/1998 9:52:00 AM
From: Rocky Reid	Read Replies (5) \| Respond to of 58324

>>what you're missing is that if you bought Iomega at $6 5/16 last week or so, you are now up almost 33%. Not even Yahoo has gone up that much in so short a time<< This is so misleading I don't even know where to begin. For one thing, Yahoo breaks its all-time high nearly every day. IOM is down 71% from its all time high, and down 40% since December. The end of a bull cycle is characterized by small risky dreg stocks like IOM running up in price. Based on a dreg stock like IOM's movement as of late, I'd safely say we are about to hit a box of nails in the road. If you are driving Cadillac-type stocks, the impact will be felt for a short while, but in the long run should prove to be a worthwhile investment. If you are behind the wheel of an Iomega (Yugo), be prepared to be flung into oncoming traffic and have the tiny vaporous shell collapse around as you are squished into a $4.80 pile of goo.