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Non-Tech : Trading IOMEGA based on technical analysis

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To: Michael Coley who wrote (1350)1/30/1998 4:00:00 PM
From: Michael Coley  Read Replies (1) of 1511
 
RE: Bullish Price Action Again?

It looks like yet another good day, closing very near the high and up a respectable 5% on decent volume. This is especially bullish considering that today is Friday. Many traders don't hold a position overnight, and even fewer hold positions over the weekend. Not having a selloff this afternoon is very encouraging.

I've been hesitant to call it a trend, but I think we're seeing one develop here. This is the most strength I've seen in IOM in a long time.

- Michael Coley
- wwol.com
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