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

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To: Trakker who wrote (8640)10/12/1996 8:52:00 AM
From: Sabrejet   of 58324
 
Trakker and All, Thanks for the kind words in regards to the new one and all who responded. It's nice to know that money isn't the most important thing to a lot of you out there! Thanks again!

As far as IOMG, I am a bit perplexed at the type of price movement we're getting now. There was a block of 70,000 shares (a few blocks at that) that frankly I'm not too sure if it was a buy or sell late Friday. Any opinions???

NAZ 1250 is the resistance point. I get the impression with good earnings coming from ASND and a drop in the price, we could be in for a fall soon. Just an opinion though. The leaders in the market seem to be a bit extended as everyone knows. I can't see IOMG at the moment hitting 30. The last couple of day's with the volume fluctuating like it has, has me a bit confused!

I'll say this, if earnings come in low, those who still hold may not wait for the next report to sell.

Look for more short covering soon for those who aren't sure. The price could pop up near term. Momentum has increased the last 3 days of trading but BOV looks stale.

I still project a drop in price after earnings.

Rich
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