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

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To: William R. Polk who wrote (25829)6/25/1997 4:45:00 PM
From: Thomas J. Smith   of 58324
 
Industry Standard...........................
This zip has been and will continue to become an industry standard in all computers. That's a given. As far as the share price goes we have been making lower lows and lower highs intraday since the intraday reversal when we went to 23 5/8's and closed in the low 22's. Still in the uptrend and going thur a corrective phase I still believe we will test the 19 3/4's support or the 18.5 moving average support near term. If you noticed today we met resistance at the old resistance level of 21.5///21.625 level (previous overhead resistance). The market in general is in for some trouble after being 40 points higher,failing to take out the old high of 7800 and reversing itself (bad sign). Good buying opportunity coming in the teens in less than one week.
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