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: Senthil Sankarappan who wrote (7941)	3/4/1999 4:38:00 PM
From: s. bateh	Read Replies (1) \| Respond to of 10072

Sen,,,,you are correct sir!! but we will have our day...could be in 6 months or 6 years at this rate...really we have been here before and probably will be bounce back after a qt. or so.....maybe next time it will stay.......then again we could drop to 3....thats what makes markets......right now you are right this stock sucks!!!!(not the comp.)....

To: Senthil Sankarappan who wrote (7941)	3/5/1999 12:44:00 AM
From: BubbaFred	Read Replies (1) \| Respond to of 10072

Yep, he sure did helped me. After reading his posts and many others, I looked at the chart and TA'ed it. Conclusion: stay away, or trade it with 5-10% stop loss. I know somebody who made himself a million bucks from one oil stock in the early 80's energy boom days. That stock eventually became almost worthless and then a small surge, and followed by another severe drop. It is now almost worthless again. Yet, oil consumption has increased over these years. He always and still believes that oil will eventually go back up to $30 to $40 per barrel, because the demand will always increase and supply will decrease, and they will continue to sell lots of oil. Talking about greased up beliefs with hopes and gropes! We can always dream IOM as the $20 - $25 stock it once was, as long as we don't want to accept the present reality. Who knows, maybe someday, IOM will be over $30 again.