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

To: BubbaFred who wrote (7564)	2/20/1999 11:39:00 AM
From: BubbaFred	Read Replies (3) \| Respond to of 10072

Just a note to myself, as a diary and reminder later. Please do not reply. After finding Rocky's posts to be rational and logical whereas many other posts tend to be emotional with hype, hope, grope, and pump types, I determine IOM's upside potential will be limited. Also, based on irate responses by some posters, it appears there are market makers and stock brokers posting here. Based on my experience reading other threads with similar atmosphere, IOM's future (next year or two) will likely be a struggle, both in terms of sales and earning. I also find the pricing pressure is already starting. I can purchase new Jaz2 external drives for $240 each, the Jaz1 disk for $52 each, and Jaz2 disk for $65 each. Used ones are slightly lower. This prices will impact IOM's bottom line. IOM will realize sales from the Clik and Flop. Undoubtedly, they will sell, but not as much as hoped for and definitely will not take the market by the storm. There are competitive products that are just as good or better, depending on the features the buyers want to get. Based on TA, it has upside potential to the 8 - 8 1/2 at which time I should short it or long the 7 1/2 put. Timing will be the key, and the week of next earning report should be optimum time to enter position. Due to the prevailing optimism, plus the pumps and hypes, IOM stock may overextend itself to the 9 - 10 level (retest of recent high), but will quickly return to the 5 - 6 range. If this rise does not take place in the next 4 to 6 weeks, then there is good possibility of going down to 3 and a retest of recent low, by mid to late April. As far as going long on this stock (to play for the potential rise to the 8 - 10 level), the present general market weakness is curbing such appetite. I.e., the risk - reward is poor. I will trade this in the 6 1/4 to 7 1/4 range, which is more realistic.