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Non-Tech : Trading IOMEGA based on technical analysis
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To: moose who wrote (1255)12/6/1997 11:59:00 PM
From: Goldbug Guru  Read Replies (1) of 1511
 
Iomega is a excellent stock for day trading, very similar to Newbridge where large big bucks can be made at a flick of a second. My long term investments on IOM is also doing very well, currently up 45%.

I see Iomega should have a $30 to $35+ trading range assuming the tech sector doesn't do a surprise U-TURN. A major resistant point will most likely be around $40. If Iomega can break through $40 than $50+ will be a achievable task.

Christmas time is just around the corner expect a strong sales for Iomega products. I feel Iomega has a bright future ahead only if they continue to improve their ZIP DRIVE technology. For now, Iomega has an saber edge on all rival competition because of price advantage. Low pricing is the key to stay ahead of the game.
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