Any info about Iomega (IOM)? Message Board

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

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To: Young D.T. Nguyen who wrote (2091)	5/27/1996 8:20:00 PM
From: Young D.T. Nguyen	of 58324

Next week... We'll be back in the 50's. Although I don't really care about shorterm price fluctuations, I just can't help anticipating what's going to happen next week. Directly from my crystal ball... Most people now have learned to ignore WSJ, Baron's, Fortune, CNBC, etc. The long have learned to use weakness to add to their positions. There are still at least 20 mils short interest out, probably a lot higher since last Thursday. The new shorts haven't been able to sleep well all Memorial Day weekend. Many of them can't wait till Tuesday to cover, sensing a breakout of upward momentum at any time. Most of them have been having bouts with heartburns and nightmares about a breakout to 100 due to surprised new OEM annoucements by IOMG. Some institutional investors had time to think over the long weekend and will load up or add more on tuesday while price is 20% below high. Most shortermers and traders have sold last 3 trading days. Selling volume will decrease dramatically next week. Folks who are long on IOMG will increase their position on Tuesday. New buyers will take this 20% drop to buy. Folks who have been stopped out will try to get back on Tuesday. Traders will try to catch IOMG near the bottom of the drop (41 on Friday) early Tuesday. My conclusion: High buy volume and lower sell volume will push price up Tuesday, then we'll see a mini squeeze on Wed. Big squeeze could happen if most people hold on while price advances. By Thurs., price will be around 55.0 or higher. I think it will stay around there until after earning report or new OEM announcements. I'll be travelling next week and will return on Friday. It will be interesting to discuss this again next Friday.

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