Any info about Iomega (IOM)? Message Board

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

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To: Greg Keeler who wrote (18790)	3/26/1997 1:58:00 PM
From: Rocky Reid	of 58324

>>To All: John Murphy on Cnbc looking at IOM chart, saying it looks good, having gone over the 50 day moving average for the first time since December. Going back about a year, he says it looks like it could go to resistance at around 27.<< He did not say "it could got to ...27..." He said that is may be forming an important double bottom and is trading above it's 50 day moving average for the first time since December. He said important resistance is at 27, but did not say if he believed it could test it or not. He offered no news as to why or how it is rising. The stock price is all over the map today. This demonstrates the high emotions involved with the traders of this stock. However, I'm warning everyone once again, that any significant gains in IOM between now and April 18 will be erased by June 1. Best of Luck to Everyone, Rocky

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