Any info about Iomega (IOM)? Message Board

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

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To: davesd who wrote (7966)	9/28/1996 8:11:00 PM
From: eDollar.com	of 58324

Hello every 1. I was looking IOMG charts to identify the so called resistance at around 30. All I could see in the chart is that from feb '95, it has done nothing but go straight up. After it reached its peak, it has seen nothing but straight down, until the recent runup. From feb till today, it has obeyed no laws in technicals, as far as resistance is considered. The so called resistance at 30 is just a blip in the charts. If 1 uses the same rule in determining a resistance at 30, 1 can find numerous small resistance on the way up and way down. But I did notice that it has support at 17 sh but a very strong support in 15 sh. This is corroborated by the fact that it did not see substantial sell off even after 2 serious earnings slash. At this syage it is very premature to say where IOMG is heading. If it falls below 20, then I thik it will retest a big support at 15-17 range. If it moves up, this is a very strong double bottom. Any long IOMG holders will have most probably fasten their seatbest for another big and sustained rally. -Chinmoy (a strong believer in IOMG's long term prospects)

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