Iomega - A Civil Discussion Message Board

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Non-Tech : Iomega - A Civil Discussion

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To: Zam who wrote (1564)	6/3/1997 12:34:00 PM
From: E. Graphs	of 1908

Off-Thread gil, I understand your wanting to get unbiased input. I just looked at the chart. Be careful. It seems like the risk/reward ratio is a no brainer, but remember that stocks can go to zero. I don't want to encourage anyone by saying that yes, there's been volume reversal lately, because there was a volume spike in January and it did nothing to support the stock. The moving averages are telling me that you still have time to think about this stock. No need to jump on it. The stock looks like it going into a base. You may just sit there with your shares until the stock moves IF it moves. And IMHO there's no indication outside of volume to tell which way it will move. If you already own the stock the risk/reward ratio of holding till the last point goes or until it turns up is obviously a temptation to hold on. But, there's always the possibility of a long term base = stagnant $$$. However, if I owned it I would definitely consider holding just see how this new volume plays out. Could be the move that's hoped for. Stocks....can't live with em'.....can't live without em'. I wish you the best of luck on PNCL. I hope it does what you want it to. E

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