Any info about Iomega (IOM)? Message Board

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

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To: jwk who wrote (7756)	9/26/1996 2:42:00 PM
From: Christopher Charles Milas	of 58324

I don't know about the contnuing bullish market. My best friend and I just liquidated our IOMG. I agree that IOMG may jump again tomorrow, but the I beleive that the volume is maxed out at 20 mil. shares, and IOMG is already dipping below 25.5. Also, the Fed is almost definitely going to raise interest rates the next chance it gets, and all the increases in NASDAQ will be mitigated. To me this shouts WARNING for short term traders. I also think the shorts are already jumping back on board. (Albeit probably not the same ones that were burned) If you are a short-term trader, get out now. However, if you want to go long on IOMG, and don't mind seeing 20 between now and then, you'll almost definitely see 29 within 6 months. However, I think we'll see 20 sooner than we see 29. The shorts may have bailed, but new ones are climbing aboard. Remember IOMG is INCREDIBLY volatile, and the stock is on the downtick. Happy trading..... (P.S. I still think the ZIP drive will become the new standard in removable storage.)

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