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Non-Tech : Any info about Iomega (IOM)?

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To: Tom Trawinski who wrote (7476)9/23/1996 9:28:00 PM
From: StormRider   of 58324
 
Tomorrow and the rest of the week IO's stock price will take off.
Why?

1. Volume is high
2. Momentum is building
3. Recent string of favorable news and press releases
4. Interest rates will not be raised tomorrow (I hope, and it will be a very pivotal moment)
5. Stock price has been momentarily simmering and even going up as the majority of the market has been down
6. Stock price seems to be breaking through a $17-$18 support level
7. Perfect timing of IO's press releases, the latest being the release of software tools for their drives

IMO, we will see good upward movement of IO stock. I can feel it in my bones.

Peace out.

BTW, "Is IO's stock price too high?" Come on, this Iomega we're talking about here. Besides stock prices in general are not based solely on current value or numbers. It is also based upon how the company will do in the future. For Iomega, a bright future is up ahead for at least a couple of quarters.
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