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Non-Tech : Any info about Iomega (IOM)?
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To: sheila rothstein who wrote (37773)11/29/1997 1:03:00 PM
From: Senthil Sankarappan  Read Replies (4) of 58324
 
Sheila and all,
Am I the only person very happy with this barrons article? It is really fun to see how IOM will do against a bearish article from the notorious Barrons. After all, you need Michel Metz to keep predicting that the market will crash and end of world is imminent. Likewise, you need Herbie and barrons to keep predicting glood and doom for IOM.
Fun part of this game is that it will drive out the nervous nellies out of IOM and hopefully give a false confidence to the Shorts and even bring more shorts into IOM. Hey, what better things you will want if you are a really long term holder? Having some speed breakers in IOM's run is healthy in my opinion so that the long term Bullish trend will continue. IOM might drop to $30 in next couple of days and then next week it will start to go up since the smart money would have gobbled up all those shares in no time. This is cool. More and more shares going into the long term inventory and so less and less shares available in the market for trading ;-)

BTW, IBD's Relative Strength Index has gone up to 94 now. I am only seeing that moving up slowly with A rating in A/D which clearly says institutions are not yet done with their Accumulation. This barron's article may have been the best thing that happened to them since they can gobble up IOM shares like the Turkey they had for Thanks Giving ;-)

Enjoy
-senthil
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