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Non-Tech : Any info about Iomega (IOM)?
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To: M. Mills who wrote (6486)8/22/1996 6:16:00 PM
From: Patrick Keeler   of 58324
 
Iomega's stock is not in a downward spiral.

Am I blinded by cultish love? No. It all depends on your perspective. If you recognize that Iomega is still less than half its fair value and buy stocks for the long term (and I mean long, as in don't sell until the fundamentals really change for the worse) why look at a 3 month chart? A 3 month chart shows Iomega in a downtrend. However, extend the chart a little. Iomega was $6 in late February, it is now $15. That is an uptrend my friends. Iomega was $2.5 as recently as October 1995. It has never fallen below these levels again. Never has come close.

So depending on your perspective, Iomega can be termed either in a downtrend or an uptrend. Since the uptrend extends back 18 months I would classify it as in an uptrend.
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