S. Bateh, re: my take on tomorrow
If you watched today, you saw that we hit $9.75 at the open, and struggled to surpass it the entire day. Even when the market was up 70 points higher than it was in the first 30 minutes, we couldn't move.
Again, the money flow was positive today on Iomega. That's 3 straight days over $10MM. That's positive.
However, I think $11 is an awfully lofty target without any news. We'll have trouble getting through $10, especially if the market rests tomorrow.
Once we're through $10 though, I personally don't see a big problem getting to $11. It all depends if someone is accumulating the stock at this point.
If I had to guess (which is what I'm doing), I'll go along with Trufflette here. Look for us going up to $10 3/8 or so, and then pulling back to the low $9s in the near future.
Of course, anything could change that. i.e. News, general market
It's going to be a wild ride, that's for sure. Hang on and do not sell at the bottom.
Nor, buy at the top. |
