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


To: slipnsip who wrote (53921)4/30/1998 1:33:00 PM
From: stock bull  Respond to of 58324
 
David, the issue of "dead money" is not related to a stock price of $6 5/8 nor a price of $8. An investment in IOM at this time is just "dead money". There are just so many better investments in this market that I don't see how investors in IOM can watch the stock price do essentially nothing over the past several months. I thought investing in stocks was intended to generate a positive ROI.

I guess day traders are making some money in IOM, but not the "long term" investors....investors who bought in within the last 9 months or so. Why not take the IOM funds and reinvestment in a stock that will make some money, and then jump back into IOM when things look better?

Stock Bull