SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Any info about Iomega (IOM)?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: E. Graphs who wrote (44773)1/23/1998 9:20:00 AM
From: FuzzFace  Read Replies (1) of 58324
 
E. The "unofficial" close (presumably 4pm) was 12 3/4. What is the definition of the "official" close, and what was it yesterday?

The simplest method for determining the drop from the neckline in a H&S breakdown is to measure the distance from the top of the head to the neckline once broken. Thus 16 1/2 - 11 = 5 1/5. 11 - 5 1/2 = 5 1/2. This puts IOM at 5 1/2 some time in the future. This is just one method, and not all broken stocks go down that much, but most do (so say Magee & Edwards.) But 5 1/2 seems too extreme to me, putting IOM's trailing PE at 12 or so. What say you? You are more experienced with TA and have no doubt read some of the more sophisticated methods. Where do your charts say IOM's bottom is? Or do you just ignore them and wait for a buy signal?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News