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Non-Tech : Any info about Iomega (IOM)?
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To: Rocky Reid who wrote (35285)11/12/1997 7:21:00 PM
From: Ray Dash  Read Replies (1) of 58324
 
Actually, Rocky you should have sold your QGLY when it closed at 22 1/8 on Nov. 6-- the second time at this high. The first was in beginning Oct. and the RSI at that point was 80. This second time the RSI only made it to 65-- a very good indicator of an impending selloff. Considering the stock has made a run from 8 to 22 without a consolidation it looks like its about time. Just a classic "buy on the rumor..." Good luck, Ray
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