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Non-Tech : Any info about Iomega (IOM)?
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To: Philip Eskelin who wrote (39148)12/9/1997 9:59:00 PM
From: Lurker  Read Replies (1) of 58324
 
<<It is definitely risky, and I am finding this out now. Since I built it up from almost
nothing, where I stood back in October after my portfolio vanished, it's almost as if
my nerves have already been severed. I'm not really worrying, I'm just wondering if
IOM will ever break away from these cycles. I really sincerely believed they had
after Comdex. This is similar to that break a few months ago from 27 down to 21
(approximates -- I can't remember the exact numbers).>>

I was thinking the same thing. The long term support line that I have drawn runs from 4/24 with/15.25 and 4/25 with/15.38 to 10/6 with/22.00 (which is what I think you are mentioning). This would give a current long term support of about 26.

I think the Feb. options should be safe. I still feel safe with mine.(But, I bought some 12/30's yesterday because they were so cheap - now I know why) Still, IOM has been so generous to me that I felt like a little gamble.

Today is also the first day of negative Balance of Power (Worden's Telechart 2000) since that late Sept. - early Oct. decline. BOP tracks systematic accumulating and selling off. However, it is barely negative. And, during that period 2 1/2 months ago we had a few barely negative days, also.

Overall, I think this is still just a bump in the road.

The news today is that many companies are expected to have earnings disappointments similiar to Oracle's. I am confident that Iomega will have a positive earnings surprise and this will be a double boost to the stock.

I just wish I had more money to buy more 2/25's.

Mike
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