Answers From The Sage Message Board

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Pastimes : Answers From The Sage

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To: Herb Fuller who wrote (3)	9/7/1996 7:00:00 PM
From: The Sage	of 87

Hello Herb Fuller, I am not the person to ask regarding a particular stock. There are many others here more qualified than I to answer this type of question, and it might be better asked on a different thread. In my humble opinion, IOMG has obviously been in a downtrend for some time. It is at the top of its downtrend line and could make a breakthrough, but I wouldn't be a buyer until it makes a significant break upward. At that time all the shorts will be frantically covering which will be short term bullish. In the interim, I would expect that this time the herd mentality is correct. It certainly has been for several months. I would look for a turnaround in November at the six to eight dollar level if it stays below its trendline. The Sage

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