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


To: Rocky Reid who wrote (8504)3/24/1999 6:29:00 PM
From: David Colvin  Read Replies (2) | Respond to of 10072
 
With these actions mostly out of the way, IOM will now resume its descent down into the $3's in the near term.

Says who? You? Just who would listen to you with all your ridiculous prognostications? Don't you realize that everyone here has your number? You have no credibility whatsoever here. Tell us wise guy....what will Iomega's revenues and net earnings be for 1999?

Sub-$5 IOM stock prices means that many Margin calls will go out for those who did not adjust their accounts.

Trying to scare up some "short covering" business?

I've got news for ya bucko. IOM is marginable all the way down to $3 with some some brokers.



To: Rocky Reid who wrote (8504)3/24/1999 6:41:00 PM
From: Frank Drumond  Read Replies (1) | Respond to of 10072
 
cRock!, as usual, very inspiteful comments.



To: Rocky Reid who wrote (8504)3/26/1999 10:51:00 AM
From: BubbaFred  Read Replies (3) | Respond to of 10072
 
Hey!!!, am I seeing right that IOM is at 43 1/4? Ooops, it's 4-3/4, not 43 1/4. Friday, March 26, 1999, 10 AM EST, and it looks like the big OUCH! No hold at 5, and in AM, which previously have been strength hours. Just the facts - no lie, no fib, no pump, no hype. Is it Ouch!, or Yikes! time yet? If neither, it will be sooner rather than later. Or, can always pretend it is at 43 1/4. Dreams are free.

Say, how come the lone voice, what's his name Rocky, knew so much?



To: Rocky Reid who wrote (8504)3/26/1999 3:10:00 PM
From: Jock Hutchinson  Respond to of 10072
 
Sub-$5 IOM stock prices means that many Margin calls will go out for those who did not adjust their accounts. It also means that some Analysts who recently advised on buying IOM will need to liquify their positions (according to their respective Charters) and stop covering IOM.

All in all, closing at $5 today was a disaster for IOM.


OK. I am breaking my rule here, but the legacy of the KE stock split is intact. There should be a reverse stock split when the news becomes good again. In the above quoted post Mr Rocker is right. The stock price of Iomega is clearly to blame for the decline in today's price, and once burned twice a fool will happen one too many times with Iomega investors. The time for a reverse stock split is rapidly approaching.