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Non-Tech : Any info about Iomega (IOM)?
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To: Steve Wiz who wrote (38770)12/7/1997 9:38:00 PM
From: m-top  Read Replies (1) of 58324
 
Steve,

I agree. What seems clear is that the big guns want IOM higher now. I would be very suprised if IOM is not moved significantly higher prior to the upcoming split. Sun Tzu and The art of War: All war fare is based on deception. Particularly relevant in the financial markets, particularly relevant to the recent spate of barrons sandbag attempts. Two in the past several weeks, and counting. When a stock is being quietly "marked up", such as seems to be the case with IOM now, articles such as this are a matter of routine and will be tailored to defocus and destabilize the trader at the very time focus and commitment to ones position are required. Subsequent price action will generally be orchestrated to "confirm" the dreaded news. There are only a limited number of IOM shares available and it would seem the market making fraternity would be very pleased if you were to surrender your shares at these levels. The media will create whatever mood meets the needs of the financial powers at a given time. You can always count on the probing and insightful journalistic staff of any dow jones company to be replete with admonitions at market bottoms and jubilation at market tops. The good news is, such text book scare tactics generally precede significant moves. The timing of this article is impeccable! Lets look at what IOM has going for it. Fundamentally, you all know the story. Technically, the speculative element of '96 has been taken out and IOM is now largely in strong hands, IOM has been slowly marked up for the past year to a 52 week high, and, it currently sits near so called overhead resistance at 33-34. Once breached, IOM should explode to the upside - the days of fractional moves will be over. Out on a limb ..... 50 by early next year.

John
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