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Non-Tech : Any info about Iomega (IOM)?
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To: Michael Coley who wrote (37523)11/26/1997 9:21:00 AM
From: Roland Fehrenbacher  Read Replies (1) of 58324
 
RE: Resistance at $35?

Judging from the chart, 35 should not be a major resistance point, but
rather 39-40. That was a critical level which provided some support
before the major decline of IOMG last year. 35 was not a critical
level. The only reasons I can think of why it will provide some
resistance is (i) because it is a round number and (ii) because
at 36 we are crossing a trailing P/E of 50. But I believe the momentum
might be strong enough to blow us past that to the major crack point
of 39-40.
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