Any info about Iomega (IOM)? Message Board

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

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To: Antony Mosley who wrote (9026)	10/17/1996 11:32:00 AM
From: Sam	of 58324

<Good move. Given the performance of CUBE, SUNW, etc., IOMGs downslide is a no brainer. I see it testing at 21 again before another takeoff. And it will take off again. I'm looking for the prolonged tight trading range, just as it did in the last few weeks around 22 to 24; just like $14 to $16 in late August.> am Am- This is just market psychology working itself out. The reason CUBE, SUNW, etc. fell was because there was no further upside potential in the stock. The multiples were way to high, and investors took their profits to the bank. CUBE and SUNW would have had to have blowout quarters for the stock to continue up. Basically, the earnings were already priced into the stock. In my opinion, IOMG still has some upside potential. As far as testing the $21 level-a definite possiblity if IOMG comes in under estimates. Either way, if IOMG beats the estimates and moves up, there should be some resistance around $27, then big time around $30 (if it gets that far). My guess is that there are way to many investors out there just waiting for IOMG to hit that price and sell. I guess time will tell... Good luck everyone. Sam

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