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: Winner Victorious who wrote (7406)	9/22/1996 5:12:00 PM
From: Michael Canario	of 58324

<<Let's talk technicals and market psychology now. IOMG has bottomed out with three very important foundations. Also, it broke out to the upside and held its gains.>> Let's see if it will really hold its gains on Monday. Given that Friday was triple witching day, IMO you can't measure if the stock has really supported the break. Alot (and I mean alot) of people I know added to their IOMG positions on Friday above 19 thinking this was a true breakout. They will truly be tested on Monday and I think they will sell. Remember, this stock will be moved by the general market not the IOMG faithful. Just look back at some of the posts in this thread over the past couple of days about the anxiety regarding a short term drop. If IOMG pushes through the resistance at 17 1/4, its in real trouble on Monday (short term only). IMO we will not see 20 until after Q3 is in. Long on IOMG (but looking at sell and buy lower)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next