SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Any info about Iomega (IOM)?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: D.J.Smyth who wrote (25859)6/25/1997 6:09:00 PM
From: Thomas J. Smith   of 58324
 
The 5 year chart on the Dow has never been this far above it's 50 day moving average and is exhuasted. Just the begining of a correction. That reversal today will standout. Don't get me wrong, I'm very bullish on IOM, but when a stock makes lower lows and lower highs each day, after a runup it needs to test support. These support levels will be tested near term. To close too them to sell and the move will probably be sharp and tough to buy back in. No matter how many good things you can say, won't stop this corrective mode. The end of these corrective modes usually have a reversal such as being down on the day and finishing higher. Today was impressive, but still down on the day. No major volume when moving higher today indicates we will be going a little lower before moving higher. We will probably continue with pressure until the Fed day.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News