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

To: D.J.Smyth who wrote (8638)	3/30/1999 12:09:00 PM
From: Ken Pomaranski	Respond to of 10072

Another point about the current stock price. Last time we were here (mid 4s) , it was the middle of a sharp general stock market correction. This time, it's at dow 10,000. kp

To: D.J.Smyth who wrote (8638)	3/31/1999 3:17:00 AM
From: Reseller	Respond to of 10072

Re:I wouldn't be surprised if they have a large put position The timing of the downgrade was announced during the first trading day after closing below $5. ( margin call implications ) . I particularly like this comment: >>There's still time left in the quarter so it is possible that things may pick up during the latter part of the quarter,<< Lets see we have a couple of days left and that might make a difference. Could it be that close ? >>so we've been forced to reduce our earnings estimates for the March quarter from a 2 cent profit to a 3 cent loss. << Nope, we're talking about a .05 cent swing from +02 to -03. And the street pushes the stock price up, these guys must feel like a million bucks. Regards Reseller