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

To: Cogito who wrote (7953)	3/5/1999 12:47:00 AM
From: Senthil Sankarappan	Read Replies (3) \| Respond to of 10072

Allen, what matters at the end of the day is the stock price. I totally agree with many of your reasons but reasons don't buy us anything. Besides, there are bigger players making/creating reasons at WallSt and you and me are not the ones all that powerful. I am really shocked to even see so many people here still believe that IOM's stock is artificially manipulated and shorts will soon start to cover etc etc while the reality is that WallSt does not trust this stock and the institutional holding is only in single digits. Though i lost good amount of money in paper with IOM, i have learned (am learning) a valuable lesson here about why some stocks like MSFT are given such high P/E and stocks like IOM are treated like shit. I think market tells you clearly which is a quality stock and which is a garbage stock. Stock price is just like the grade sheet. I still think Rocky has done an excellent job in IOM's stock prediction than anyone here. Lot of us hate to admit that but i think he deserves credit/respect in that. Hey, i think anyone can be a genius by being an IOM bear and the smartest one might look dumb for the sin of being long in this stock. I am not saying things can't change. I will be more than happy if IOM lucks out and suddenly people start using Zips like real razor blades but hope and reality always don't go together :-< -senthil

To: Cogito who wrote (7953)	3/5/1999 7:27:00 AM
From: Rocky Reid	Read Replies (2) \| Respond to of 10072

>>It is true, however, that the overall trend for this stock has been down for the past couple of years. Of course, there have been some periods of upward movement, like, say, from the beginning of March to the end of November of '97, when IOM went from around 15 to a high of 33. But that never stopped Rocky. He was predicting doom that whole time.<< Thank you for the compliment. You see, I am long-term Bearish on IOM. I have thought that their business premise has sucked for a long time. I have not bought for an instant that Zip would replace anything in a computer. I was correct. And it hasn't replaced ANYTHING in computers in all its 4 years. My observations about Iomega have been proven correct. On the other hand, the wild and rampant IOM Bull-mania postings here have been proven by time and the market to be utter worthless bilge. BTW, I do not pretend to be able to call short-term price blips of 2-3 months upward movement with 100% accuracy. I do however note that price rises generally occur just before earnings. But long-term, my accuracy about IOM is unquestionable. Are you long-term on IOM? I am. Long-Term Bear. This company will be need to dilute their shares and/or borrow large amounts of money to stay in business within 5 years. Iomega will have to file for bankruptcy within 8. Who is right on IOM long term? The Bulls? Don't make me laugh.