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

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To: Linda Pearson who wrote (37521)11/26/1997 9:13:00 AM
From: Michael Coley  Read Replies (2) of 58324
 
RE: Resistance at $35? **MARKET TIMING**

Linda,

>> I ****Think*** that due to the particular level,,,the secondary...the shorters (like Meyer Berman who will hold until Iomega short for years---I don't know if he's covered, but, that's his philosophy)... <<

>> There could actually be a burst through due to short covering ...Possibly those that were slick enought to short above this level and feel their socks will get knocked off. <<

>> This is just an instinctual feeling, which has helped me in the past....Everyone can say I told you so if I'm wrong. It's OK. <<

I'm not sure I understood which way your insticts were leading you. (Okay, okay, I'm a guy--I'm not supposed to understand, am I?) Are you saying that there will be resistance, there won't be resistance, or that there will but that we'll break through it?

- Michael Coley
- i1.net
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