Any info about Iomega (IOM)? Message Board

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Non-Tech : Any info about Iomega (IOM)?

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To: Rodger Wenzel who wrote ()	10/3/1996 4:19:00 PM
From: Sabrejet	of 58324

Rodger, I find this analysis an opinion but I'm not sure there are any facts to support it. RSI on shert term is still falling with On Balance Volume (TC200) confirming the drop in price. Until I see a divergence in the OBV or observe an oversold condition, the short term uptrend is non-existent. I can't predict a price for a bottom because I really am quite awful at trying to truely time the market based on price, which many of us try to do. Your faith is superb but I would give this another 2-5 trading days before buying again, if that. Remember, the run was a short squeeze on a reversal in the market. Many believe yesterday (Oct 2) was the start of a mini corrective phase taking us to 670 in the S&P. Look for this point (670) to be the start of the next move forward. Earnings for IOMG will be announced and frankly, unless there is a major surprise up, will have no effect on IOMG upward. This next move forward could trigger what we've already witnessed but for now, there is no time to rush and buy. (unless you day trade!) We are still bullish on the long side of the market as a whole. Rich

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