Any info about Iomega (IOM)? Message Board

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

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To: Joel Sternberg who wrote (21352)	4/29/1997 1:49:00 PM
From: Rocky Reid	of 58324

I am impressed that the hyper-bull Iomaniacs have chosen to remain somewhat low-key to the action today. Right now, the Dow is up 110, Nasdaq Up 20, and IOM Up to 16 1/2. This huge tech rally has temporarily saved IOM's further demise, but we'll see how long this surge can last. I think the fact that IOM has only traded about 750,000 shares so far is the key. If it were heavy volume on the upside, that could very well signal a turnaround for this stock. However, the light volume indicates that single investors, not Institutions are buying into this IOM rally. After the individuals stop buying, the collapse of IOM back down to 15 1/2 is inevitable.

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