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Non-Tech : Any info about Iomega (IOM)?
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To: D.J.Smyth who wrote (25871)6/26/1997 4:53:00 PM
From: Thomas J. Smith   of 58324
 
Darrell,I see you are a long time Bull on IOM and do not disagree with you that IOM will be alot higher this year. The price continues to make Lower lows and Lower highs and this indicates that the corrective mode is not over yet. I bought in heavy after the strenght it showed on the 20 point Intel decline at 16.875 and admit this baby has along way to go on the upside. It seems to be trying to hold above the 19 3/4 support, but the Dow is in a funk now too. It goes up in the morning and down in the afternoon the opposite of what it was doing when it was busting the century marks. The worst point day on the dow was 500+ and the 2nd worst was monday at 192+.... Don't be surprised if you see a plus 300 point down day within the next week. IOM, even though I don't want to see it will be in the teens tomorrow and may have to find support at the 50/200 day moving average.
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