Any info about Iomega (IOM)? Message Board

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

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To: dave todd who wrote (37510)	11/26/1997 8:47:00 AM
From: Michael Coley	Read Replies (3) of 58324

RE: Major Resistance at $35? MARKET TIMING I've seen literally dozens of people on this thread say that they are "selling at $35" or that "we're going to $35". This should provide some serious resistance, particulary if that view is shared by investors outside of this thread. In addition, we have the secondary offering from a year and a half ago at $35. I've been tempted to put in limit orders to trade "within the range", but am becoming less and less comfortable doing so. I think IOM is almost ready to explode, and that we'll be surprised just how easily it breaks through resistances and just how high it will go. I think we might bounce off of $35 once or twice, but I don't think we'll drop far from that high when we do. I also that that the resistance at $35 will be far weaker (if it still exists) at $17.5 after the split. - Michael Coley - i1.net

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