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


To: Gary Wisdom who wrote (54618)5/11/1998 11:53:00 PM
From: Rocky Reid  Read Replies (2) | Respond to of 58324
 
>>BTW, have you ever made a dime on this stock?<<

Why yes. Yes I have. One fateful day back in January, I gave the exact time and day I would sell my position. I had a last minute change of heart and almost decided to hold on. But I then stiffened my resolve and sold my short term buy position at $12 3/4 (for a small profit), and the market then closed.

Iomega then crashed in after-hours trading.

The moans and cries from the Iomega board were woeful, and it was hard not to take pity on them. But I am not some cold-hearted monster who delights in the misery of others. Pity I did take.

But in the next couple of months, when IOM crashes again due to Sony/Castlewood news, the cries could go unheeded by any sympathy from me. The Iomaniacs have been justly warned about this stock time and time again, and sometimes one just has to let people learn the hard way.