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

To: David S. who wrote (7924)	3/4/1999 9:18:00 AM
From: Tom Carroll	Respond to of 10072

RE: Assisting That Trickle-Down David and all, You're right about the trickling-down of low-price stocks at the moment, but in the case of Iomega, that trickling-down has been helped a little of late. Take a look at the intraday charts for the last few days. The price and the volume just mope along until 3 p.m. or maybe 3:30 p.m., at which point there are a couple of relatively largish sales that help insure a low closing price. Such sales bursts are occurring on no news. This has happened repeatedly in the last couple of years whenever the price has been drifting down on low volume in a quiet period when nothing newsworthy was happening. For me, at least, this is a strong indicator that there are still some very powerful shorts out there trying to beat this stock down as much as possible. In late 1995 and very early 1996, a whole lot of shorting of this stock took place, at what is now (after splits) a price substantially below $6 a share. Some of 'em are still around, I think, and they're doing what they can to leverage their positions to minimize loss. IMHO, of course. As far as I'm concerned, the issues with IOM aren't whether it's going to tank to zilch versus become the next Intel. This is silly polarization brought on by the nutcases on this thread repeating gloom-and-doom scenarios endlessly. The issue is whether IOM is going to continue to have modest success and modest earnings growth, in which case its current price or just a bit higher is going to be the norm for a long time, or is going to ramp up as either the Zip or the Clik! become ubiquitous. It's going to be another six months to a year, as I see it, before we get another hint about how this is going to play out. As was said when Kim Edwards left, it's about whether this is going to be a two billion dollar firm or a ten billion dollar firm. I'm betting on the latter. Cheers, Tom (long IOM)