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

To: Frank Griffin who wrote (56104)	6/14/1998 2:39:00 PM
From: Rocky Reid	Read Replies (1) \| Respond to of 58324

>>The ones you (SEEK) have shorted have gone against you. << Correction- I made money on my SEEK short. The Iomaniacs love to tout any losses I endure, but somehow gloss over the gains. Leave it to them to distort the truth and hype a losing position in IOM by throwing straw man arguments left and right, all the while ignoring the very ugly reality of their own $6 1/2 stock. Another good short of mine recently was GMGC where I made about a 17% profit in a week's time. And, my long term position in GPS keeps rolling along handsomely. I also made money on IOM when I sold my position at $12 3/4 for a profit as I said I would last January. IOM went down to $9 in after-hours trading, then opened the next day at $8. These are just a few of the winners I have made money on, winners that somehow get lost in a tiresome hail of personal insults and petty attacks by Iomaniacs. But I am willing to ignore the frustrated wailings of them in order to make money by shorting IOM. I plan to short IOM this week.

To: Frank Griffin who wrote (56104)	6/14/1998 3:44:00 PM
From: Rocky Reid	Read Replies (1) \| Respond to of 58324

AMC was bought out by Chrysler, but only after it was was on the brink of financial ruin. The heyday of 1960's AMC was long gone, and all that was left was an empty shell of a company with the Jeep nameplate. The once proud maker of Ramblers, Nashes, Javelines, and Gremlins (gasp), was reduced to making shoddy Renault-licensed cars. The only thing making any money were the Jeeps. The Japanese came on strong starting in the 70's and sealed AMC's fate. They took on a fat, bloated, lazy industry and nearly brought American corporate titans down. Iomega may be bought out as well in time, but only after it undergoes the same devaluating and humiliating losses through which AMC suffered. This should put IOM's stock value at $2 to $3. IOM is just plain overvalued at its present levels. Iomega is a perfect example of the fat, bloated, lazy American company that is going to get its head handed to them by Japanese/Asian competition. I hope Iomega's pretty new buildings are kept in good condition. The resale value on them could be a bitch when they have to sell them off for additional funds, considering all the losses they're piling up.