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Non-Tech : Iomega Thread without Iomega -- Ignore unavailable to you. Want to Upgrade?

To: Rocky Reid who wrote (316)	7/1/1998 5:03:00 PM
From: Dwight Griffin	Read Replies (1) \| Respond to of 10072

<<Well, so far I'm only up about 1/8 point in my latest IOM short. BUt that will soon change as earnings draw near. You see, Yahoo currently lists IOM's PE as about 22. Potential investors look at this and think that IOM is relatively cheap for a "high flying" stock. But what they don't realize is that come July 18 or so, IOM's PE is going to jump to over 200 in one day. When people look at their quote services in mid July and see IOM with a PE 200+, many will bail and most will be scared off of investing in such a risky venture.>> I disagree! The story on IOM is very well known and as such, future projected earnings (or losses in this case) are already built into the price of the stock. Any significant deviation from those projections, or any significant comments in the conference call, will be what moves the stock one way or the other.