RUBBISH 3.2 - Rocky's Un-Believably Bad Iomega Shorter's Histrionics
Thursday, IOM closed unchanged at 20 1/4, as it stabilized after the news and rumor-driven runup. The volume was over 5M shares, enough to qualify as "high", and so we finally get to plug in the remaining missing value in the RUBBISH.
IOM
Price
Change ........Volume ......... Rocky's Interpretation
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Down ........... Low .............This means IOM is drifting again. Just like a fat, balding man sitting in an inner tube, floating in the pool in the hot sun under the rusting sign of some cheap, sleazy roach hotel on the outskirts of Reno.
Down............Medium ....... This means IOM is being used as a helpless pawn
Down........... High ............. This means IOM is a dead cat
Unchanged.....Low.............. This means IOM is a dumped dog
Unchanged.....Medium.........This means IOM is a narcotic drug
Unchanged.....High.............. This means IOM is forming a nasty little head and shoulders on the 5-minute chart. And the 5-second chart doesn't look so hot either.
Up................ Low .............. This means IOM is a little boy, who sits alone sulking in his bedroom on Palo Alto Drive. His black eye swells and throbs, administered by the older, bigger boys
Up................ Medium ....... This means IOM is a dumpster among tech stocks, a broken stock, an Institutional bear trap; So a slight run-up is in order. We may have begun this today, as a matter of fact.
Up................ High ............ This means IOM will probably crash through the floor, taking out the plumbing, the laundramat downstairs, and the furnace in the basement.
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The story of Rocky's IOM long experiences can be found at:
techstocks.com
As of 6/8/97, with IOM at 20 1/8:
The 22 megashare question: where will Rocky cover his shorts?
Number of days unanswered: 40
Price change since then : +3 3/4 |
