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


To: Blind Luck who wrote (4085)11/14/1998 11:37:00 PM
From: Rocky Reid  Read Replies (3) | Respond to of 10072
 
I understand that the latest Barrons has trashed IOM again (and quite deservingly, too).

Why is it that great and very well-respected writers are agreeing with me? Herb Greenberg, James Cramer, Barrons, et.al. present the same rational arguments as me that bring out the truth about Iomega. In return, Iomaniacs offer taunts, abuse, personal insults, lies, exaggerations, omissions of fact, threats, and a host of other unpleasant and unethical actions towards the very people whose only desire is to be the Standardbearers of Iomega Truth. These famous writers have admitted that they too have received the same abusive and immature responses from Iomaniacs that I have. But persevere we must to present The Truth.

And an Ugly Truth it is as realized by Iomega-- A Saturated market, The CD-RW onslaught, Falling Margins, Declining Sales, Year to year revenue decreases, Falling Book Value, Rudderless Market Strategy, No CFO, A "Yes Man" CEO puppethead, Escalating U.S. Overhead, Horrendous "Customer Service", Severely Increasing Competition, Tie Ratio Falling, etc etc etc.



To: Blind Luck who wrote (4085)11/16/1998 6:15:00 AM
From: Chucky  Respond to of 10072
 
Re: "unlike many Chat boards where small investors speculate in a Las Vegas mode, I must make decision on logic and fact"

Mr. Pinson's site is pure comedy. The Astro-Investing section is a definite must. Is this what Mr. Pinson considers logic and fact?

Here's the link and a clip from the biography of one of his writers.
tfc.com
"Henry Weingarten, founder of the NEW YORK SCHOOL OF ASTROLOGY and director of the NY ASTROLOGY CENTER, has been a professional astrologer for more than thirty years. Since May 2, 1988 he has been the Managing Director of the ASTROLOGERS FUND, INC., which employs Astrology as the primary analysis tool to manage investment funds."

I did not plan on offending anyone that believes in Astro-investing.

Mr. Pinson seems to have something in common with Rocky. When his newsletter touts his calling of all these major financial events,

"I predicted in the June and July issues of the Investment Digest Newsletter (Dow 9000-9300) that the world stock markets would soon be declining. It certainly did not take very long. As I mentioned in last month's issue"...blah, blah blah

I wonder if he was using himself as a contrarian indicator, because on Sept 1, 1998 he said:
"Stock investors should keep a minimum of 75% in cash reserves."
tfc.com

This was an increase from August 13:

"Keep 50% in cash reserves."
tfc.com

Then it appears he may have done it. I'm not sure if even Rocky could have been a better indicator. On Oct. 8, 1998

"It is not my intention to sound the alarms and project "Doom and Gloom". However, it would be ignorant to ignore what the current economic signals are for a global recession. The stock market is going lower."
tfc.com

I looks like he may have picked two bottoms in a row.
quote.yahoo.com^DJI&d=3m

Of course on that same day his truth changed a little.
"In June I advised you to allocate 50% to cash reserves. In late July, I advised 75%+ cash reserves."
I guess this way he will have made another great call. He does seem to be able to pick out those bottoms.

Later
Chucky

PS
"If IOM got rid of the 100 MB drives, and had a CD r/w for $199 with 650 MD CD's...the stock could go to $40+."

Where did he get that from? Mars???