Any info about Iomega (IOM)? Message Board

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

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To: Bill Fischofer who wrote (6329)	8/20/1996 6:54:00 PM
From: Sabrejet	of 58324

Bill, I played this issue long back in Feb and March. I was fortunate to make a few dollars but also gave back quite a bit on the slide. I learned a good lesson in technicals. If technicals go south, you have to leave the issue. High tech issues change on a dime and this is what happened. On it's way up, it was the same with shorts. They would claim there was no "fundamental" reason etc... Well, If I was long, I would short(or buy puts) to protect my long. Analysts are saying $9-10. There is too much resistance in the Comp right now to expect a large push up. There is no technical evidence of a bounce up. The small bounces recently at 15(to 15 3/4) were short lived with no support. Forget news. This company beat earnings estimates and since that report has lost half of it's value. It reported it sees a slow down as well. I am short this issue but not enough to get anybody upset! If your looking for a buying opportunity, buy more when you see a reversal in the Comp. Mid September will be a good time. Just trying to give an angle. Best of investing, Rich

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