Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Gottfried who wrote (56317)	6/18/1998 12:27:00 AM
From: Gary Wisdom	Respond to of 58324

re: <<Gotta be quick, though.>> Oh yea, you better buy at the open. It might gap up 1/16. I bought 1000 shares last week at $5 3/4. For a lousy $625, I have had to watch this piece of crap for a week now, just making sure it doesn't crash on me (like it did when I had a zillion times more of it). People, it ain't worth it. It's been 7 months now, and the stock has gone straight down. Most days, it moves less than 1/8. Now, if you're a truly long term investor (which by definition, none of you are since you read this thread), then I guess it really doesn't matter. Especially if you only have a very small position relative to your portfolio size. But for the rest of you, this stock absolutely sucks. I'm sorry I bought those shares last week at those ridiculous prices. Note: of course, should the company be bought for $12 tomorrow, I take back everything I said. <ggg> Sorry, but I've almost never seen a worse investment. Of course, it could be worse (Syquest).

To: Gottfried who wrote (56317)	6/18/1998 3:30:00 AM
From: GR	Read Replies (2) \| Respond to of 58324

i have during any on day about 5 solid rumors;10 mushy,and 10 stupid rumors.What do i use to disect out the wheat from the garbage? 1)Technical factos/volume 2)Does it make sense. I must admit the chrysler rumor sounded crazy,but the more i thought about it the more it made sense.I bought in.Now we have a a whole bunch of rumors going around that are possible... (srcm,/hoe/coms/gal and of course iom.I bought in today,and so far so bad.However there is one thing i must ask you.Does it make sense that a computer seller(ie.dell.gtw or cpq would want to buy them...?(personally i'm starting to lean to the negative..what if another technology makes iom useless?).Your opinion is apperciated.