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Non-Tech : Trading IOMEGA based on technical analysis
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To: robert read who wrote (1063)8/5/1997 12:02:00 AM
From: FuzzFace   of 1511
 
Robert, I put in a buy at 21 today - yeah, in my dreams. I am hoping for a dip tomorrow, since SYQT's CEO is going on CNBC, a real IOM hate-fest. Might be good for the point. Then again, the market is perverse, and may punish SYQT if their CEO doesn't come off just right. I remember KE went on one of the business shows last December, and it didn't seem to do the stock any good in the coming month, even though KE was very upbeat. So who knows?

But I agree, IOM is very safe money. The volatility is all but gone, thanks to steady earnings and no-nonsense management. Now it's a well behaved stock in an uptrend.
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