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Non-Tech : Trading IOMEGA based on technical analysis
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To: Ben Antanaitis who wrote (1268)12/13/1997 9:15:00 AM
From: Herb Fuller  Read Replies (1) of 1511
 
Ben , Re:>>>bottom for IOM<<<

I agree that this should be the bottom for IOM at this time . The only exception to this type of interpretation of the charts would be for IOM to be experiencing the same problem that the other drive manufactures and chip companies are having at this time. The technology in the computer industry is changing at a dramatic rate .

This results in the older companies eating their obsolete capital expenditures in past technology ,and having to write it off going forward therefore reducing their earnings ,while new startup companies have no baggage to carry forward therefore increasing their ability to compete.

If we would have purchased WDC for instance based on your chart of pain we would have loosed a considerable amount . With IOM it's a safer bet going forward at this time IMO .

Herb
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