Any info about Iomega (IOM)? Message Board

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 : Any info about Iomega (IOM)?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ray Dash who wrote (34852)	11/8/1997 6:00:00 PM
From: Wayners	Read Replies (1) of 58324

Ray, you can't be right all the time. The best you can do is put the odds in your favor and play the probabilities. Most breakouts are fake breakouts, just from an odds standpoint. When IOM is ready to break 30, you should see tight bollinger bands on price and low volume before the actual breakout. I would expect on a true break for IOM to hit $35. At $30, the IOM P/E is around 40 which is at the high end of its recent historical range. It will take another stellar earnings report or expectations of a stellar report to get it past $30. I watch volume very carefully and it is a combination of that and 5 day stochastics, and bollinger bands, and bollinger bands on bollinger band width for me to cover the short. I simply cover when I would buy the stock based on T/A, then I'll move onto something else. Some people believe in the efficient market theory where news is immediately priced in and you cannot profit from it. If this theory were true, stock price charts would look like step functions with only horizontal and vertical lines. Curves would not occur. As you know, there are plenty of curves in price charts. No response from the Rockhead. Take care, Wayne

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next